Last Trading Session: Exactly As predicted by EquityPandit, that market will see strong support at 5400 levels for Nifty and same happened. Market exactly saw support at EquityPandit’s predicted levels of 5400 and managed to end flat with positive levels.

Today: Market likely to open flat. Our next logical target comes out to be 5350 for Nifty. But market is expected to see short covering as it is oversold. Now anytime market can move up sharply, so traders should avoid short and wait for market to recover.

BSE Sensex: (18141) The support for the Sensex is 18000-17850 and the resistance to the up move is at 18550.

NSE Nifty: (5428) The support for the Nifty is at 5400-5350 and the resistance to the up move is at 5500.

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