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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would see strong support at 5680 whereas resistance would be seen near 5800 and market would see more pain with further downfall but some short covering can’t be ruled out and exactly same happened. Market opened positive exactly as per EquityPandit’s predictions. Market saw highs near EquityPandit’s predicted resistance levels of 5800. Market moved sharply down but saw strong supports near Equitypandit’s predicted support levels of 5680 and rebounded from there to see some short covering exactly as per Equitypandit’s predictions. Market finally closed negative for the day.

Today: Indian Stock Market to open positive. Now, today, we would see a good amount of short-covering (Positive trend) in the market while opening. 5806-5835 levels for Nifty would decide further market direction. Market would see strong support at 5700-5675-5620 whereas strong resistance may be seen at 5806-5820-5835 levels for Nifty. Once Nifty breaches 5835 levels, we can see recovery again else further fall is expected. Market is expected to open positive but see two way movement and hence traders should trade based on given support and resistance levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19348) The support for the Sensex is at 19200-19165-19000 and the resistance to the up move is at 19560-19670-19740 levels.

NSE Nifty: (5728) The support for the Nifty is at 5700-5675-5620 and the resistance to the up move is at 5806-5820-5835 levels.

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