Last Trading Session: As predicted by EquityPandit that Market would open positive and would see high volatility in small range with strong supports at 5095 and strong resistance at 5180 levels for Nifty and exactly same happened. Market opened positive as predicted by EquityPandit. For the whole trading session market remained highly volatile between EquityPandit’s predicted range of 5095-5180 for Nifty.

Today: Indian Stock Market likely to open positive. Direction would emerge out only after breaching support or resistance levels until then it would see high volatility in a rangebound region. Market in consolidation stage and would see only sideways movements without emerging any trend. Nifty possess immediate supports at 5095 levels and if those levels get breached then, Nifty can test levels of 5060-5000 soon. Resistance to move up would be seen at 5180-5200-5225 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: (16991) The support for the Sensex is 16920-16780-16600 and the resistance to the up move is at 17050-17135-17256.

NSE Nifty: (5149) The support for the Nifty is at 5095-5060-5000 and the resistance to the up move is at 5180-5200-5225.

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