Last Trading Session: Exactly as predicted by EquityPandit that market would open positive but would see further profit booking and would see strong support at 5300 for Nifty and 17504 levels for Sensex and same happened. Market opened positive and saw resistance near EquityPandit’s predicted resistance levels from where it slide down near EquityPandit’s predicted support levels of 5300 for Nifty and 17504 for Sensex. Finally market closed marginally negative.

Today: Indian Stock Market likely to open flat. Technically, Indian Stock Market is still in profit booking mode and can see further profit booking but today Indian Stock Market direction would only and only depend on SBI results, which are going to be disclosed today.  Nifty would see strong resistance near 5365-5380-5405 for Nifty whereas support would be seen at 5300-5270 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key results to be declared today: Adani Enterprises, Ansal Properties, Apollo Tyres, Eicher Motors, GMR Infra, Gujarat State Petronet, HPCL, IFCI, Jindal Stainless, Indian Oil Corporation, Max India, NCC, Ranbaxy Lab, Shyam Telecom, Tata Motors, Tech Mahindra and Welspun India.

BSE Sensex: (17560) The support for the Sensex is at 17504-17450 and the resistance to the up move is at 17700-17740-17870.

NSE Nifty: (5323) The support for the Nifty is at 5300-5270 and the resistance to the up move is at 5365-5380.

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