Last Trading Session: As EquityPandit predicted that market would open positive but would see huge volatility and force to touch stoploss and same happened. Market exactly reverted from EquityPandit suggested resistance level of 5570. Market opened with gap up and then went down sharply forcing stoplosses to get touched. Then went up sharply again to same levels. So as EquityPandit suggested yesterday also, that this type of market is not for traders and they should trade in very small quantity.

Today: Market likely to open flat with some negative bias. Overall market looks positive but market may again trouble traders with volatility. Market is directionless with huge volatilit, which forces to touch stoplosses. Traders can’t earn money in this type of market. So EquityPandit suggest to watch market at this moment to become stable. Next target for market is 5655. Market needs to breach 5655 for Nifty to become stable and see upward direction. It would be better to trade in small quantity until 5655 breaches. 5450 would be strong support to deal with. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.

BSE Sensex: (18470) The support for the Sensex is 18300 and the resistance to the up move is at 18600-18800-18875.

NSE Nifty: (5531) The support for the Nifty is at 5450 and the resistance to the up move is at 5570-5655.

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