Last Trading Session: As predicted by EquityPandit that Market would open positive with new immediate support of 5260 for Nifty and would see sideways movements for whole trading session and exactly same happened. Market opened positive for Nifty as predicted by EquityPandit.  Market fell down near to EquityPandit’s predicted support levels of 5260 for Nifty but managed to stay just above these support levels and hence recovered to close on Equitypandit’s predicted resistance levels of 5302 for Nifty.

Today: Market likely to open flat with negative bias. Now Technically, Nifty needs to break the resistance of 5320 levels to move further high else it would start correcting (booking profits). Nifty possess strong supports near 5260-5200 for Nifty whereas resistance may be seen at 5320-5375 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17463) The support for the Sensex is 17200-17100 and the resistance to the up move is at 17520-17600-17740.

NSE Nifty: (5302) The support for the Nifty is at 5260-5200 and the resistance to the up move is at 5320-5375.

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