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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and if levels of 5925 don’t get breached then market could tank down sharply and resistance would be seen at 5925 levels for Nifty and 19470 levels for Sensex and exactly same happened. Market opened positive for the day but since Nifty was not able to breach levels of 5925 and hence as per EquityPandit’s predictions, it tanked down sharply near EquityPandit’ predicted support levels. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 19470. Finally market closed in negative region for the day.

Today: Technically, Indian Stock Market should open positive with 10-35 points for Nifty and 30-85 points for Sensex. Indian Stock Market to see further profit booking in days to come but strong supports would be seen at 5840-5830 levels for Nifty, breaching which market can fell down sharply but if these levels are sustained then market can again move positive in days to come. Fiscal Cliffs may weigh too much on Global Stock Market and hence on Indian Stock Market. If solution would not been implemented by the end of year 2012 for in first week of January 2013, then situation would be worsen. Overall Indian Stock Market to remain busy due to “Fiscal Cliff”, “RBI Rate Cut” and “Budget”, later two can move the market in positive direction for next few days. Resistance to the positive movement may be seen at 5925-5950 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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BSE Sensex: (19323) The support for the Sensex is at 19200-19140 and the resistance to the up move is at 19470-19660.

NSE Nifty: (5870) The support for the Nifty is at 5840-5830-5785 and the resistance to the up move is at 5925-5955.

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