Last Trading Session: Exactly as predicted by EquityPandit, that market would open flat and market is weak and can be slapped down but would see strong support at 4850 levels for Nifty and same happened.  Market opened flat and has seen sharp profit booking due to F&O Expiry on the next day but has seen strong support at 4850 levels for Nifty.

Today: Market would open positive with atleast 50+ points for Nifty and 150+ points for sensex. Technically market is still weak and may see strong resistance at 4950 levels for Nifty. Market would see huge volatility due to F&O Expiry. Market can still see profit booking at these levels and can again see the levels of 4800 getting touched. But in absence of any bad news globally, market can also see levels of 5000 touching soon in upcoming days. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16285) The support for the Sensex is 16000-15985 and the resistance to the up move is at 16620-16815.

NSE Nifty: (4889) The support for the Nifty is at 4850-4800 and the resistance to the up move is at 4950-5020-5050.