Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 30-60 points for Nifty and 120-180 points for Nifty and would see further positive movements but strong resistance can be seen near 5045-5080 levels for Nifty and same happened. Market opened on positive EquityPandit’s predicted levels of 130 points for Sensex and 40 points for Nifty. Market moved positive as expected and close just near Equitypandit’s predicted resistance levels.   

Today: Indian Stock Market likely to open flat with negative bias. Closing above resistance of 5045 levels for Nifty, had developed positive sentiments. Indian Stock Market may see further positive movements upto levels of 5080-5120 for Nifty but profit booking may surely come in. Nifty possess strong resistance at 5080-5120 for Nifty whereas support may be seen at 5000 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16649) The support for the Sensex is 16504-16380 and the resistance to the up move is at 16790-16950-17050.

NSE Nifty: (5050) The support for the Nifty is at 5000 and the resistance to the up move is at 5080-5120.

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