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Last Trading Session: As predicted by EquityPandit that market would open flat and would see resistance at 5400 levels for Nifty and same happened. Market opened flat as expected by EquityPandit and tried to move positive but saw strong resistance near EquityPandit’s predicted resistance of 5400 for Nifty. Sharp fall was seen once market breached EquityPandit’s predicted support levels of 5300 for Nifty and just saw our lower support levels of 5210 like a dot. Finally market closed just above 5210 levels.

Today: Market likely to see flat to positive opening. Soft Manufacturing Data which was disclosed yesterday for Euro zone and China are matter of worry for global market and same can be reflected on Indian Market as well. But a reaction (Positive rally) can’t be ruled out for Indian Market as it is near a crucial support. Indian market is standing on a cross road and can take any direction for sharp movement. Technically, it should see some positive movements with resistance at 5300 levels for Nifty but global worries can take it downwards, where support exists at 5170-5080 levels for Nifty.  Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package to earn consistent daily profits in any market direction.

BSE Sensex: (17196) The support for the Sensex is 16950-16820 and the resistance to the up move is at 17330-17504-17630.

NSE Nifty: (5228) The support for the Nifty is at 5170-5080 and the resistance to the up move is at 5300.

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