Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 30-50 points for Nifty and would see further positive movements and breaching levels of 4940 would take market to 5000 levels and exactly same happened. Market opened positive with EquityPandit’s predicted levels of 50 points for Nifty. As per EquityPandit’s prediction, market moved further positive and breached the resistance of 4940 and moved up sharply to 5000 levels for Nifty. 

Today: Indian Stock Market likely to open positive with 30-60 points for Nifty and 120-180 points for Sensex. Indian stock market is in positive momentum and would move further positive on positive global signs. Some profit booking would definitely be seen at higher levels. Nifty posses strong support at 4940-4900 whereas resistance may be seen at 5045-5080-5105 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16454) The support for the Sensex is 16200-16100 and the resistance to the up move is at 16600-16740.

NSE Nifty: (4997) The support for the Nifty is at 4940-4900 and the resistance to the up move is at 5045-5080-5105.

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