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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat but market direction would be totally dependent on GDP Numbers and if GDP numbers would not be above expectations then market can fell sharply and see levels of 5900 in days to come and exactly same happened. Market opened flat as expected but below expected GDP numbers forced market to fell down sharply as expected by EquityPandit. Finally market closed just below 6000 levels at 5986 for Nifty.

Today: Indian Stock Market likely to open flat to positive. Infosys would see big positive movement today on return of Mr. Narayana Murthy in the executive panel, which may push Nifty in positive region. Technically, Market is developing a distribution pattern, which says that it can see levels of 5750-5700 in this month. Short covering would definitely be seen in the market after a big fall on Friday but overall direction of the market is negative. Nifty possess strong support at 5940-5900-5850 levels whereas resistance would be seen at 6030-6070-6100 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19760) The support for the Sensex is at 19600-19504-19380 and the resistance to the up move is at 19950-20075-20240 levels.

NSE Nifty: (5986) The support for the Nifty is at 5940-5900-5850 and the resistance to the up move is at 6030-6070-6100 levels.

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