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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would see further positive movements for targets of 5710 for Nifty and exactly same happened. Market opened positive and moved further positive as per EquityPandit’s prediction but saw profit booking at higher levels and closed just below EquityPandit’s predicted resistance levels of 5710 for Nifty and 18800 levels for Sensex.

Today: Market likely to open flat. Technically Indian Stock Market is still positive and can see higher levels in days to come but some profit booking can’t be ruled out at this point of time. Avoid shorts until Nifty breaches 5640 levels. For next couple of months, we would see overall positive movements. Market would be considered positive until 5640 holds for Nifty. Nifty would see strong support at 5690-5640 whereas resistance would be seen at 5710-5770. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18763) The support for the Sensex is at 18540-18380 and the resistance to the up move is at 18800-18880-19000.

NSE Nifty: (5703) The support for the Nifty is at 5690-5640 and the resistance to the up move is at 5710-5770.

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