Last Trading Session:  Exactly as predicted by EquityPandit that Market would open positive but would see strong resistance near 5325 levels and strong support at 5220 levels for Nifty and exactly same happened. Market opened positive, saw strong resistance exactly near EquityPandit’s predicted resistance levels of 5325 and fell sharply. Nifty saw strong support at EquityPandit’s predicted support levels of 5220 and close just above it. Sensex also saw day’s low exactly on EquityPandit’s predicted support levels of 17330 like a dot.

Today: Market likely to open flat. As we said earlier that one negative day would land market into troubles and now we may expect downtrend nearby. Market may sink downside if it didn’t see strong support at 5220-5200 levels for Nifty. Nifty posses strong resistance at 5320 levels. Traders should be cautious for the levels of 5200 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17362) The support for the Sensex is 17112-16985 and the resistance to the up move is at 17640-17700-17814

NSE Nifty: (5221) The support for the Nifty is at 5220-5200-5160 and the resistance to the up move is at 5320.

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