Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and Nifty would see further short covering with resistance near 5600 levels and traders can trade long at every down move with strict stoploss at 5475 levels for Nifty and exactly same happened. Market opened positive as per EquityPandit’s predictions. After some downtrends, Market moved sharply positive to EquityPandit’s predicted resistance levels of 5600 for Nifty. Finally market closed just below EquityPandit’s predicted resistance levels for Nifty.

Today: Today, IT major, Infosys, is going to disclose Its yearly results. Market direction would be decided by Infosys results today as we have seen huge volumes and open interest in Infosys. RIL has shut down its ninth well, which is again negative news for Reliance Industries. All these news would affect market today. Nifty possess strong support at 5545-5500-5475 whereas resistance to upmove would be seen at 5627-5670 levels for Nifty, breaching which Nifty would be considered positive. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18542) The support for the Sensex is at 18380-18170 and the resistance to the up move is at 18740-18880 levels.

NSE Nifty: (5594) The support for the Nifty is at 5545-5500-5475 and the resistance to the up move is at 5627-5670 levels.

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