Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and would move in rangebound region with support at 5170-5150 levels for Nifty and resistance at 5250 levels for Nifty and exactly same happened. Market opened negative as predicted by EquityPandit and remained rangebound throughout the day. Market saw supports exactly at EquityPandit’s predicted support levels at 5170 for Nifty and 17050 for Sensex. Finally market closed negative for the day

Today: Indian Stock Market likely to open positive with 40-60 points for Nifty and 140-200 points for Sensex. Indian Stock Market still looks in positive momentum and can see further positive movements upto levels of 5275-5300 levels for Nifty, which would act as resistance levels whereas supports would be seen at 5160 levels for Nifty. Traders should trade long until 5210-5160 holds for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key results to be declared today: Aditya Birla Nuvo, Andhra Bank, BEML, Britannia Industries, Cadila Health, DLF, EIH, Escorts, Financial Technologies, JB Chemicals, MIRC Electric, Morepen Lab, PTC, SAIL, Whirlpool and Wockhardt.

BSE Sensex: (17197) The support for the Sensex is at 17100-17050 and the resistance to the up move is at 17380-17505-17600.

NSE Nifty: (5216) The support for the Nifty is at 5210-5160 and the resistance to the up move is at 5275-5300.

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