Last Trading Session: As predicted by EquityPandit, that traders can go long as 5500 holds for Nifty and 5500 has emerged as strong support for Nifty, and same happened. Market went up sharply near our resistance of 5655 and closed exactly near our resistance.
Today: Market likely to open flat. Now market is positive and as it was able to close at EP predicted resistance levels of 5655 for Nifty, so we may see some more uptrends in days to come. Market would definitely see some profit booking but it would be smaller one. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.
BSE Sensex: (18816) The support for the Sensex is 18500 and the resistance to the up move is at 19000-19200.
NSE Nifty: (5654) The support for the Nifty is at 5500 and the resistance to the up move is at 5725-5760-5800.