Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with negative bias and would see strong support near 5000 levels for Nifty whereas resistance may be seen at 5080 levels for Nifty and exactly same happened. Market opened flat with negative bias and went down near EquityPandit’s predicted support levels of 5000 for Nifty and rebounded exactly nearby those levels. Market saw sharp positive movements from there and saw resistance exactly at EquityPandit’s predicted resistance levels of 5080 for Nifty like a dot and closed just below those levels. 

Today: Market likely to open gap positive with 40-70 points for Nifty and 140-200 points for Sensex. Indian stock Market would still see positive movements. Furthermore, European aids to Spain would also calm the fear and force market to move further positive. Nifty now possess immediate resistance at 5125-5175 levels whereas supports may be seen at 5000 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16718) The support for the Sensex is 16504-16380 and the resistance to the up move is at 16950-17050.

NSE Nifty: (5068) The support for the Nifty is at 5000 and the resistance to the up move is at 5125-5175.

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