Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and 5565 would be a make or break levels for Nifty and if breached, Nifty can fell sharply down and exactly same happened. Market opened negative as per EquityPandit’s predictions. Nifty saw sharp downfall after breach of EquityPandit’s given levels of 5565. Finally market closed just below EquityPandit’s levels of 5565 for Nifty. Sensex also saw lows exactly at EquityPandit’s predicted support levels of 18380 like a dot.

Today: Indian Stock Market likely to open flat. Nifty possesses strong support at 5500 levels, breaching which Nifty has open end and a sharp downfall can be seen. Strong resistance would be seen at 5620-5645 levels. Traders are suggested to remain cautious while short selling as technically short covering (Positive movement) should happen at any point of time, if levels of 5535-5500 are not breached at lower end. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18450) The support for the Sensex is at 18380-18255 and the resistance to the up move is at 18640-18880-18950 levels.

NSE Nifty: (5553) The support for the Nifty is at 5535-5500 and the resistance to the up move is at 5600-5620-5645 levels.

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