Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would see sharp turnaround (positive reaction) but is still weak and same happened. Market opened positive and saw sharp positive movement upto 4920 as predicted by EquityPandit. Market fell from there as it was still weak and was expected. Market saw strong support near EquityPandit’s support levels of 16000 for Sensex and 4850 for Nifty. Finally market closed flat with positive for the day

Today: Technically, market is still weak as it is seeing sharp selling at higher levels. Market would see further downtrend till levels of 4850-4835-4800 for Nifty where it would possess strong support. Nifty would see resistance of 4920-4950-5000 for Nifty. Anyhow, finally SBI results would take the market in either direction. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key Results Today: SBI, Tata Steel, Alok Industries, City Union Bank, Coal India, Hindustan Oil, Karnataka Bank, Torrent Pharma and TV Today.

BSE Sensex: (16070) The support for the Sensex is 16000-15840-15760 and the resistance to the up move is at 16200-16380-16450.

NSE Nifty: (4870) The support for the Nifty is at 4850-4835-4800 and the resistance to the up move is at 4950-5000-5030.

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