Last Trading Session:  Exactly as predicted by EquityPandit that Market would open negative and would see sideways movement in a consolidated region with immediate support at 5200 levels for Nifty and exactly same happened. Market opened negative and went down sharply from there. It has seen very strong resistance at EquityPandit’s predicted levels of 5200 for Nifty and rebounded from there to close marginally positive as expected.

Today: Market likely to open positive with 70-90 points for Nifty and 210-240 points for Sensex. Market is showing strength at lower region, which is a good sign. Market my soon breach levels of 5320 for Nifty. Resistance to move up would be at 5340-5385. 5200 has shown strong support for Nifty and hence traders can go long until 5200 holds. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits..

BSE Sensex: (17482) The support for the Sensex is 17330-17275 and the resistance to the up move is at 17710-17814

NSE Nifty: (5266) The support for the Nifty is at 5220-5200 and the resistance to the up move is at 5340-5385.

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