Last Trading Session: Exactly as predicted by EquityPandit that market would open gap negative but Nifty would see rangebound region with the supports near 5380-5350 and exactly same happened. Market opened gap negative with 35 points for Nifty as per EquityPandit’s prediction. Market saw supports at EquityPandit’s predicted support levels of 5380 and finally ended marginally above EquityPandit’s predicted support levels.

Today: Indian Stock Market likely to open flat. Nifty would still remain in rangebound region until it breaches the resistance of 5450 or support of 5380-5350 for Nifty. Once any of these levels are breached, market would be forced to move in those regions sharply. Traders should look at these levels and can buy near 5350 or sell near 5450 with small stoploss of 10 points. Once these levels are breached, traders can move in the direction of winds.  Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17783) The support for the Sensex is at 17740-17600 and the resistance to the up move is at 17950-18000-18200.

NSE Nifty: (5387) The support for the Nifty is at 5380-5370-5350 and the resistance to the up move is at 5450-5500.

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