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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see strong supports at 5620 levels for Nifty and 18616 levels for Sensex and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market fell down sharply and saw lows exactly at EquityPandit’s predicted support levels of 5620 levels for Nifty and 18616 levels for Sensex. Finally market recovered and closed flat for the day.

Today: Indian Stock Market likely to open flat with negative bias. Analysis would remain same. Huge volatility is expected due to F&O Expiry and short trading week. Strong support exists at 5620-5590-5565 for Nifty whereas resistance would be 5680-5700-5760 for Nifty. Nifty would be considered positive until it holds levels of 5590 for Nifty and traders can go long with strong stoploss at 5590 for Nifty. If Nifty breaches levels of 5590 while closing then a sharp down fall can be seen in days to come, else, Nifty can move to higher levels 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: (18704) The support for the Sensex is at 18660-18616-18502 and the resistance to the up move is at 18880-18950-19075 levels.

NSE Nifty: (5642) The support for the Nifty is at 5620-5590-5565 and the resistance to the up move is at 5680-5700-5760 levels.

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