Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 50+ points for Nifty and 150+ points for Sensex and SBI results would take market in either direction where supports would be seen near 4800 levels for Nifty and exactly same happened. Market opened gap negative as predicted by EquityPandit and saw strong supports near EquityPandit’s predicted support levels of 4800 for Nifty. Market moved positive on good numbers from SBI as expected by EquityPandit. Finally market closed positive for the day.

Today: Market likely to open flat with negative bias. Technically, market may see positive movements in consolidated regions. Nifty possesses strong support at 4850-4835-4800 whereas resistance would be seen at 4950-5000 for Nifty. Traders can trade long until Nifty holds 4850. Investors can consider good opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key Results Today: Adani Enterprises, Gitanjali gems, Kalpataru Power, National Alum, Pfizer, Tata Communications, Zee Entertainment.

BSE Sensex: (16152) The support for the Sensex is 16000-15840 and the resistance to the up move is at 16380-16450.

NSE Nifty: (4891) The support for the Nifty is at 4850-4835-4800 and the resistance to the up move is at 4950-5000-5030.

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