Last Trading Session: Exactly as predicted by EquityPandit that market would open positive but some profit booking would be seen at higher levels. Market would see strong support at 5890 for Nifty and 19350 for Sensex and exactly same happened. Market opened positive as per EquityPandit’s prediction. Market saw profit booking at higher levels and went down exactly to EquityPandit’s predicted support levels of 5890 for Nifty and 19350 for Sensex like a dot. Finally market closed negative just above EquityPandit’s predicted support levels.

Today: Indian Stock Market likely to open positive with 10-30 points for Nifty and 30-100 points for Sensex. Technically, Market would see sideways movement in rangebound region. Nifty may see further profit booking at higher levels but Nifty would be considered positive until it holds levels of 5890-5850 and till then traders are suggested to go long. Once levels of 5850 is breached on negative side, Nifty would see bearish sentiments and can move upto levels of 5800, so breaching levels of 5850 would give sell signal to traders. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19424) The support for the Sensex is at 19350-19250 and the resistance to the up move is at 19630-19800.

NSE Nifty: (5907) The support for the Nifty is at 5900-5890-5850 and the resistance to the up move is at 5950-5970-6000.

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