Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see strong resistance near 5400 levels for Nifty where it would see profit booking and strong support would be seen at 5350 for Nifty and exactly same happened. Market opened flat as predicted by EquityPandit. Market went up but saw strong resistance near EquityPandit’s predicted resistance levels of 5400 from where market fell down. Market saw support near EquityPandit’s predicted support levels of 5350 for Nifty. Finally market closed negative for the day.

Today: Market likely to open positive with 10-25 points positive for Nifty and 30-80 points positive for Sensex. Technically, market can see further profit booking if levels of 5350 get breached for Nifty. Breaching levels of 5350 may take market again near 5300 levels for Nifty. We would consider market to be positive until it breaches levels of 5350 with good volumes. Nifty possess immediate support at 5350 and strong support at 5300 whereas resistance may be seen at 5385-5400-5445. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17657) The support for the Sensex is at 17570-17450 and the resistance to the up move is at 17740-17870-17950.

NSE Nifty: (5363) The support for the Nifty is at 5350-5330-5300 and the resistance to the up move is at 5385-5400-5445.

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