Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see support near 5300 levels for Nifty and 17450 levels for Sensex and market is expected to see profit booking today and exactly same happened. Market opened flat with 2 points negative for Nifty as predicted by EquityPandit. As EquityPandit predicted, market saw strong profit booking and went down near EquityPandit’s predicted support levels of 5300 for Nifty, where market has seen strong support and rebounded. Finally market closed flat.

Today: Technically, analysis would remain same and market is expected to see further profit booking in days to come.  Nifty would see strong resistance near 5365-5380 for Nifty whereas support would be seen at 5295-5270-5240 levels for Nifty. Traders should trade short until 5365 is breached in positive region. 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: Alok Industries, BF Utilities, Bombay Rayon, Bosch, BPL, Coal India, Dredging Corporation, Educomp, Glaxosmithkline Pharmaceuticals, Hindustan Motors, India Cements, Lanco Infra, NMDC, Parsvnath Developers, Pfizer, PTC India, Suzlon, Tata Steel and Zicom Electronic Security.

BSE Sensex: (17558) The support for the Sensex is at 17504-17450-17380 and the resistance to the up move is at 17700-17740-17870.

NSE Nifty: (5320) The support for the Nifty is at 5300-5270-5240 and the resistance to the up move is at 5365-5380.

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