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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 10-35 points for Nifty 35-85 points for Nifty and would see strong resistance near 5925 whereas supports would be seen near 5880-5840 for Nifty and if these levels are sustained then market move positive in days to come and exactly same happened. Market opened positive exactly with Equitypandit’s predicted levels of 30 points for Nifty and 78 points for Sensex. Nifty remained rangebound throughout the day but remained above EquityPandit’s predicted support levels of 5880-5840 for Nifty, which forced market to move sharply positive as per EquityPandit’s prediction and close above the levels of 5900 for Nifty. Sensex also made high exactly at EquityPandit’s predicted resistance levels of 19470 like a dot.

Today: Indian Stock Market likely to open marginally negative. Technically, Indian Stock Market looks positive but the only woe that may deter the market is Fiscal Cliff. Fiscal Cliff may weigh too much on Global Stock Market and hence on Indian Stock Market. If solution would not been implemented by the end of year 2012 or in first week of January 2013, then situation would be worsen. If Fiscal Cliff gets resolved then Indian Stock Market would see new highs in days to come.  Resistance to the positive movement may be seen at 5930-5960-5980 levels for Nifty whereas supports would exist at 5880-5864-5840 for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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BSE Sensex: (19445) The support for the Sensex is at 19370-19200-19140 and the resistance to the up move is at 19470-19660-19740.

NSE Nifty: (5908) The support for the Nifty is at 5880-5864-5840 and the resistance to the up move is at 5930-5960-5980.

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