Last Trading Session: As predicted by EquityPandit that market likely to open flat but would see further downtrend and would see strong support at 5250 for Nifty. Market opened flat for Nifty as predicted by EquityPandit. Market fell down sharply near EquityPandit’s predicted support levels of 5250 for Nifty and finally closed just above EquityPandit’s predicted support levels of 5250.

Today: Indian Stock Market would open flat but may see some positive movements as expert committee on General Anti Avoidance Rules (GAAR) has recommended postponement of the controversial tax provision by three years. Fed Chairman Bernanke reiterated his promise that the central bank stands ready to act and following some encouraging European headlines, which would be again a positive signal for Market. Nifty would now see support at 5220-5180-5130 whereas resistance would be seen near 5340-5370 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Stocks to trade for upcoming days:

Stocks that can move positive: Bharti Airtel (247.8), Tata Motors (234.3) and Wipro (262.6).

Stocks that can be short: Abirlanuvo (744.6)

BSE Sensex: (17430) The support for the Sensex is at 17350-17200 and the resistance to the up move is at 17540-17600-17760.

NSE Nifty: (5259) The support for the Nifty is at 5220-5180-5130 and the resistance to the up move is at 5325-5340-5370.

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