Last Trading Session: Indian Stock Market opened flat and saw some positive trends as per EquityPandit’s prediction. Market then saw sudden selling volumes due to Standard & Poor lowering the India’s credit rating to negative from stable and hence went down sharply near Equitypandit’s predicted support levels of 5180-5170. Finally market recovered but closed in negative region.

Today: Market likely to open flat. Market may see some positive trends (Reactions) but would be limited to 5280-5300 levels for Nifty as it possesses strong resistance at these levels. 5180 would act as strong support levels for Nifty, which if got breached, can drag market down to 5135-5115 levels for Nifty. High volatility would be seen due to F&O Expiry. Investors can consider every downtrend as an opportunity to invest as this downtrend is very temporary in nature. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17151) The support for the Sensex is 17010-16940 and the resistance to the up move is at 17380-17504.

NSE Nifty: (5202) The support for the Nifty is at 5180-5135-5115 and the resistance to the up move is at 5280-5300.

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