Last Trading Session: Exactly as EquityPandit predicted that market would tend to move up sharply but it is still weak and same happened. Market tried to move up sharply but was not able to sustain at higher levels on Wednesday and after some positive rally, finally ended in negative near our support of 17465 for Sensex.

Today: Analysis would remain same.Technically, Market still looks weak and next target can be 5135 for Nifty. But since market has been oversold, a sharp positive rally can be expected. Traders are advised to trade in small quantity. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

BSE Sensex: (17463) The support for the Sensex is 17180 and the resistance to the up move is at 18000.

NSE Nifty: (5223) The support for the Nifty is at 5135 and the resistance to the up move is at 5400.

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