Profit Note: EP-F&O Special package gave profits of Rs.35,950/- on one lot traded per call  to all its subscribers on last trading session.

Last Trading Session: Exactly as predicted by EquityPandit, that market would open flat but would see psychological profit booking at these levels as it possess strong resistance at 5200 for Nifty and same happened. Market opened flat with 5 points for Nifty and saw profit booking bit earlier as EquityPandit was expecting it to see profit booking near 5200 levels for Nifty.

Today: Market likely to see gap down opening with atleast 60+ points for Nifty and 175+ points for Sensex. Technically, 5200 would act as strong resistance for Nifty. Since support of 5100 was breached by Nifty on last Friday, next immediate support would exist at 4940 for Nifty, which if got breached, Market can see sharp downfall. Traders should remain cautious at these levels as market can see any sharp movement if any of the support or resistance level is breached. Further direction of Indian Stock Market would be affected by FII & DII activity, US and Indian Data which would be disclosed in upcoming week, Details can be seen at EquityPandit. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16867) The support for the Sensex is 16600 and the resistance to the up move is at 17212-17256.

NSE Nifty: (5059) The support for the Nifty is at 4940 and the resistance to the up move is at 5200.

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