Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and once market breaches levels of 5230 for Nifty, it would move higher towards 5280 levels for Nifty and 17380 levels for Sensex but would see strong resistance at 5280 for Nifty and 17380 levels for Sensex and exactly same happened. Market opened flat with positive bias and went up. Breaching levels of 5230 took market higher near EquityPandit’s predicted resistance levels of 5280 for Nifty and 17380 for Sensex. Finally, market closed in positive region.

Today: Indian stock market likely to open positive with 20-40 points for Nifty and 80-140 points for Sensex. Market closed above 5230 levels for Nifty in last trading session, which turned market from bearish to bullish sentiments as expected. Market looks positive and would see further positive movements until 5200 holds for Nifty. Market can see levels of 5280-5300 in upcoming days. Now 5200 would be considered as strong support levels for Nifty whereas, 5315-5355 would act as strong resistance levels for Nifty. Investors can consider every downtrend as an opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17319) The support for the Sensex is 17200 and the resistance to the up move is at 17504-17600.

NSE Nifty: (5248) The support for the Nifty is at 5200 and the resistance to the up move is at 5315-5355.

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