Last Trading Session: As predicted by EquityPandit that Market would open positive and further direction would be seen only after breaching support or resistance levels. If resistance levels are breached then market would emerge out in sharp positive movements and same happened. Market opened positive as predicted by EquityPandit. Market eventually breached the resistance levels and as predicted it moved sharply positive to close 129 points positive for Nifty.

Today: Indian Stock likely to open gap positive today. Indian Stock Market would remain in the region of 5200-5375 for some time where 5200 would emerge as an important support for Nifty. Nifty would possess strong support at 5200 whereas resistance may be seen at 5305-5375 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: (17430) The support for the Sensex is 17200-17100 and the resistance to the up move is at 17504-17600-17740.

NSE Nifty: (5279) The support for the Nifty is at 5200 and the resistance to the up move is at 5305-5375.

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