Last Trading Session:  Exactly as predicted by EquityPandit that now troubles can be seen in the market and strong support would exist at 5160 for Nifty and 17112 for Sensex and same happened. Nifty opened negative and then move down sharply from there. Finally Nifty closed exactly above EquityPandit’s predicted support levels of 5160.

Today: Market likely to open positive with atleast 60-80 points for Nifty and 180-210 points for Sensex. Technically, market should see some short covering at this moment. Indian Market is in situation, where one more negative day would trouble the structure of the Market. Nifty possess strong support at 5140-5100 and strong resistance at 5225-5300. Traders can go long until 5140 holds for Nifty Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17192) The support for the Sensex is 17096-16985 and the resistance to the up move is at 17350-17480-17640

NSE Nifty: (5169) The support for the Nifty is at 5140-5100 and the resistance to the up move is at 5225-5300.

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