Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and breaching 5200 levels for Nifty would take market down to 5180 levels for Nifty, which would act as strong support for Nifty and exactly same happened. Flat pre-market opening was seen as expected. Market saw sharp selling and was dragged down. Market saw strong support at EquityPandit’s predicted support levels of 5180 for Nifty like a dot. Finally market closed in negative region.

Today: Market likely to open flat with negative bias. Yesterday, Market has breached levels of 5200 for Nifty and as predicted it saw down movement to 5180 like a dot. Now Nifty can only be considered positive only if market breaches levels of 5200 for Nifty else market would see further downtrends upto levels of 5160-5135 levels for Nifty. Traders are suggested to trade long only if Nifty breaches 5200 levels with force. Nifty would see strong support at 5160-5135 levels whereas resistance to up move would be seen at 5255-5300 for Nifty. Investors can consider every downtrend as an opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17151) The support for the Sensex is 17080-17020-16965 and the resistance to the up move is at 17308-17380.

NSE Nifty: (5188) The support for the Nifty is at 5200 and the resistance to the up move is at 5255-5300.

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