Last Trading Session:  As predicted, Market open negative but negative to a lesser extent than expected. European market positive opening gave Indian Market strength and it moved up sharply. Finally market closed.

Today: Market likely to open negative. Technically market will see sideways movement as it is in consolidated region. Nifty posses immediate support at 5220-5200 and strong support at 5180-5145. Resistance to move up would be at 5320-5385. US unemployment data showed some relief, which would be a better sign. Currently market is looking positive for midterm but traders should remain cautious at this point of time as any bad global news can shatter Indian Market down. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17468) The support for the Sensex is 17330-17112 and the resistance to the up move is at 17616-17814

NSE Nifty: (5258) The support for the Nifty is at 5200-5180-5145 and the resistance to the up move is at 5320-5385.

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