Last Trading Session: Exactly As predicted by EquityPandit, that market will see some consolidation at higher levels as 5600 is a strong resistance as of now and same happened. Market opened gap down due to worse global cues and finally manage to close flat.

Today: Market to see further upmoves till 5635 levels for Nifty, where some selling pressures can be seen. But market will see some consolidation before that and it will help market to generate a strong support levels at 5500. It will see cyclically up and down movements. But overall market looks positive and there are chances to see sharp up moves if it doesn’t see selling pressures at higher levels. Investors should remain invested and enjoy profits and traders can go long until 5500 holds for Nifty.

BSE Sensex: (18495) The support for the Sensex is 18330 and the resistance to the up move is at 18550-18750.

NSE Nifty: (5550) The support for the Nifty is at 5500 and the resistance to the up move is at 5600-5635.

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