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Last Trading Session: Exactly as predicted by EquityPandit that market would open gap positive and Banknifty and Entire Banking Sector would see a relief rally but strong resistance would be seen at 5500 levels for Nifty and 18580 levels for Sensex whereas support would be seen at 5300 levels for Nifty and 17850 for Sensex and exactly same happened. Market saw gap positive opening as per EquityPandit’s predictions. Market saw high exactly at EquityPandit’s predicted resistance levels of 5500 for Nifty and 18580 levels for Sensex and saw a sharp fall due to weakening Rupee. Market closed exactly above EquityPandit’s predicted support of 5300 for Nifty and 17850 levels for Sensex.

Today: Indian Stock Market to open negative but some short covering can be seen later during the day. Technically, now only Rupee value appreciation or some strong measures can save Indian Market from tanking down. Nifty possesses immediate support at 5230-5180-5150 levels for Nifty whereas strong resistance may be seen at 5400-5465-5500 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (17906) The support for the Sensex is at 17800-17600-17450 and the resistance to the up move is at 18080-18150-18255 levels.

NSE Nifty: (5303) The support for the Nifty is at 5230-5180-5150 and the resistance to the up move is at 5400-5465-5500 levels.

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