Trading Session: As EquityPandit suggested that Market would open gap down and would see strong support at 4840 and same happened. Market opened gap down and saw strong support near EquityPandit’s predicted levels of 4840 and rebounded from there. Finally market closed in red.

Today: Market likely to open negative. Technically market is still weak, but huge volatility would be seen due to F&O Expiry week. Nifty posses immediate support at 4800 levels and strong support at 4750 levels. Nifty posses resistance at 5000 levels. Short covering may pump in but it would be short lived, until it breach the levels of 5000 for Nifty on positive side.  Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16162) The support for the Sensex is 15985-15665 and the resistance to the up move is at 16504-16612.

NSE Nifty: (4867) The support for the Nifty is at 4800-4750 and the resistance to the up move is at 5000.

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