Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 10-30 points for Nifty and would see achieve the targets of 5445 for Nifty but would see strong resistance at 5450 whereas supports would be seen at 5400 and exactly same happened. Market opened positive with EquityPandit’s predicted levels of 20 points for Nifty. Market achieved EquityPandit’s predicted targets of 5445 for Nifty and went further high but saw strong resistance at EquityPandit’s predicted resistance levels of 5450 for Nifty like a dot from where it fell down near EquityPandit’s predicted support levels of 5400 for Nifty. Sensex also saw strong resistance between EquityPandit’s predicted range of 17950-18000 Finally market closed marginally positive as EquityPandit predicted that market would see rangebound session with sideways movements.

Today: Market likely to open gap negative. Market has achieved EquityPandit’s targets for Nifty but technically, analysis remains same. Nifty would see rangebound movements 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 5380 or sell near 5350 with small stoploss of 5-10 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: (17850) The support for the Sensex is at 17700-17640 and the resistance to the up move is at 17950-18000-18200.

NSE Nifty: (5415) The support for the Nifty is at 5400-5380-5350 and the resistance to the up move is at 5450-5500.

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