Last Trading Session: Exactly as predicted by EquityPandit that Market would open flat with positive bias and would see strong support at 5680, breaching which Nifty can see a sharp fall to 5650 levels and exactly same happened. Market opened flat with positive bias exactly as per EquityPandit’s predictions. Market breached support of 5680 levels and as predicted by EquityPandit, it fell sharply to EquityPandit’s predicted levels of 5650 for Nifty. Finally market closed in negative region just above 5650 levels for Nifty. Sensex also closed just above EquityPandit’s predicted support levels of 18790.

Today: Indian Stock market to open flat to negative but breaching levels of 5650 may lead market to see levels of 5600, which would act as make or break levels. Strong support exists at 5650-5620-5600-5500 for Nifty whereas resistance would be 5700-5760 for Nifty. Every upmove would be an opportunity to short due to worsen global cues. Short covering can’t be ruled out at lower levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18793) The support for the Sensex is at 18710-18616-18502 and the resistance to the up move is at 18880-18950-19075 levels.

NSE Nifty: (5659) The support for the Nifty is at 5650-5620-5600-5500 and the resistance to the up move is at 5700-5760 levels.

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