Last Trading Session: Exactly as predicted by EquityPandit that market likely to open flat with positive bias with 5235 as immediate resistance and 5180-5165 as support levels for Nifty and exactly same happened. Indian Stock Market opened flat with positive bias as predicted by EquityPandit. Market saw strong resistances near EquityPandit’s predicted resistance levels of 5235 and went down sharply near EquityPandit’s predicted support levels of 5165 for Nifty. Finally market closed positive.

Today: Indian Stock Market likely to open flat. Market would be considered weak until it breaches levels of 5230 for Nifty with force. Breaching 5230 for Nifty would take market to next levels of 5280-5300 for Nifty. But if level of 5230 is not able to be breached for Nifty, then market can be dragged to the levels of 5165-5135-5115 for Nifty. Investors can consider every downtrend as an opportunity to invest as this downtrend is very temporary in nature. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17187) The support for the Sensex is 17010-16940 and the resistance to the up move is at 17380-17504.

NSE Nifty: (5209) The support for the Nifty is at 5180-5135-5115 and the resistance to the up move is at 5230-5280-5300.

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