Last Trading Session:  As predicted by EquityPandit that Market likely to open negative and would see troubled time for prolonged period and same happened. Market opened negative and move down from there sharply due to weakness. Market saw some support at EquityPandit’s predicted support levels for Nifty but finally breached the support levels and fell down sharply. Market ended deep negative.

Today: Market likely to open negative with 40-60 points for Nifty and 130-160 points for Sensex.Technically market is still weak but now since it is over stretched, there is some possibility for bounce back nearby. Currently, Indian market looks lackluster and may shed some more weight. The possible down side would be restricted to 4870 levels for Nifty (Strong support level) and would see strong resistance at 5000-5065. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16461) The support for the Sensex is 16370-16280-16040 and the resistance to the up move is at 16600-16756.

NSE Nifty: (4935) The support for the Nifty is at 4919-4870-4825 and the resistance to the up move is at 5000-5065.

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