Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 30-50 points for Nifty and 100-140 points for Sensex and would see strong support near 4850 levels for Nifty and 16000 for sensex and same happened. Market opened gap negative as predicted by EquityPandit. Market saw further weakness but saw strong support near 4850 levels for Nifty and 16000 levels for Sensex. Finally market ended deep negative just above EquityPandit’s predicted support levels.

Today: Market likley to open flat with positive bias. Market still weak but a sharp turnaround is waiting. Market can see sharp positive movements anytime soon. Breaching the levels of 4835 would lead market down to 4800 levels for Nifty but possibility of positive reaction is more now. Market possesses strong resistance at 4950-5000 levels for Nifty whereas strong supports may be seen at 4835-4800 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key Results Today: Bajaj Auto, Bajaj Holdings, JP Power, Satyam computers, United Breweries and Wire and Wireless.

BSE Sensex: (16030) The support for the Sensex is 16000 and the resistance to the up move is at 16200-16380-16450.

NSE Nifty: (4858) The support for the Nifty is at 4835-4800 and the resistance to the up move is at 4950-5000-5030.

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