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Last Trading Session: Exactly As predicted by EquityPandit, that market will open flat but will remain in consolidated region by moving up and down cyclically and same happened. Market took support at EquityPandit’s predicted support levels of 5500 and finally closed flat.

Today: Market likely to open flat with posive bias. Market would have to get out of this consolidated region of 5500-5600 for Nifty to see any direction. 5600 is strong resistance for Nifty and to move up further, it would have to breach the resistance of 5600 for Nifty. Analysis would remain same. Market is in consolidated region and as we said earlier, it would move up and down cyclically before moving up sharply, and same is happening on every trading session. 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.

BSE Sensex: (18385) The support for the Sensex is 18100 and the resistance to the up move is at 18550.

NSE Nifty: (5521) The support for the Nifty is at 5500-5480 and the resistance to the up move is at 5562-5600-5635.

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