Last Trading Session: Exactly as predicted by EquityPandit that market would open gap negative with 50+ points for Nifty and 150+ points for Sensex and would see strong support near 4765 levels for Nifty and exactly same happened. Market opened gap negative with EquityPandit’s predicted levels of 60 points for Nifty and 158 points for Sensex. Market saw supports exactly at EquityPandit’s predicted support levels of 4765 like a dot and rebounded to close flat for the day.

Today: Indian Stock Market likely to open positive with 25-50 points for Nifty and 80-140 points for Sensex. Closing flat for yesterday shows Indian Stock Market in positive mode. Market would remain rangebound and would see sideways movements for next few days. Overall Indian Stock Market is positive and may see some further positive movements in days to come. Market is hanging just on supports, so if market closes below 4800 levels for Nifty, then probably fear of sharp downfall would be seen in market resulting in profit booking. Nifty possess strong support at 4800-4765 whereas resistance to upmove may be seen at 4905-4930 levels for Nifty Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (15988) The support for the Sensex is 15740 and the resistance to the up move is at 16100-16200-16380.

NSE Nifty: (4848) The support for the Nifty is at 4800-4765 and the resistance to the up move is at 4905-4930.

Note: If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com

Premium Subscription Pricing details can be seen at Pricing