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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would see sharp positive trend only if Nifty is able to breach levels of 5630 for Nifty and would see strong resistance at 5620 for Nifty and 18470 for Sensex and exactly same happened. Market opened positive and moved further positive but saw strong resistance exactly at EquityPandit’s predicted levels of 5620 for Nifty and 18470 for Sensex like a dot. Finally market closed just below EquityPandit’s predicted resistance levels.

Today: Indian Stock market likely to open positive with 10-35 points for Nifty and 30-100 points for Sensex. Now Nifty looks to breach levels of 5630 and doing so Nifty would see sharp positive movement upto levels of 5670-5720 in days to come. But if Nifty would not be able to sustain above 5630 levels then it can again go near 5550 levels for Nifty, which is immediate support levels for Nifty. So traders should wait for Nifty to move above 5630 levels and can go long near 5635 levels with stoploss at 5620 for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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BSE Sensex: (18460) The support for the Sensex is at 18380-18300-18265 and the resistance to the up move is at 18550-18600-18740.

NSE Nifty: (5615) The support for the Nifty is at 5550-5500 and the resistance to the up move is at 5630-5670.

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