Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 10-30 points for Nifty and 40+ points for Sensex and next Equitypandit’s target would be 5330-5350 for Nifty where Nifty would see strong resistance at 5350 for Nifty and exactly same happened. Market opened positive with EquityPandit’s predicted levels of 13 points for Nifty and 43 points for Sensex. Market moved positive as predicted by EquityPandit. Market saw strong resistance exactly on EquityPandit’s predicted levels of 5350 for Nifty like a dot. Finally market closed in gap positive region.

Today: Indian Stock Market likely to open flat with positive bias. Indian Stock Market still in positive momentum and can see further positive movements in days to come. After achieving all EquityPandit’s previous target of 5275-5330-5350, now nifty would head towards our next targets of 5380-5400-5440. But now one should remain cautious as profit booking can come anytime and traders should get ready for shorting. Nifty would see strong resistance near 5385-5405-5440 for Nifty whereas support would be seen at 5300-5280 levels 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: Aban Offshore, ABB, Bharti Airtel, Chambal Fertilizers, GVK Power, Indian Hotels, Jai Corp, M&M, Mukta Arts, Oil India, Pantaloon Retail, Power Finance and Tata Power.

BSE Sensex: (17602) The support for the Sensex is at 17504-17450 and the resistance to the up move is at 17770-17840.

NSE Nifty: (5337) The support for the Nifty is at 5300-5280 and the resistance to the up move is at 5385-5400-5440.

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