Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 20 points for Nifty and would see strong support at 5400-5380-5350, which were resistance levels earlier and profit booking would be seen at these levels and exactly same happened. Market opened negative with EquityPandit’s predicted levels of 20 points for Nifty and saw strong supports at EquityPandit’s predicted support levels of 5400 for Nifty. Finally market closed marginally negative for the day.

Today: Market likely to open positive with 10-30 points for Nifty. Market would see rangebound session with sideways movements. Overall breath of market is positive and 5445 looks achievable. Supports would be seen at 5400-5380-5350 levels for Nifty whereas resistance would be seen at 5450-5500 levels. Traders can trade long until Nifty holds 5400 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17847) The support for the Sensex is at 17700-17640 and the resistance to the up move is at 17950-18000-18200.

NSE Nifty: (5413) The support for the Nifty is at 5400-5380-5350 and the resistance to the up move is at 5450-5500.

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