Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would move negative but strong support would exist at 5535 levels for Nifty and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market has seen negative trend from there as predictions. Market saw lows exactly at EquityPandit’s predicted levels of 5535 for Nifty like a dot.

Today: Technically, Analysis would remain same. Indian Stock Market likely to open positive and short covering can’t be ruled out. Nifty possesses strong support at 5500 levels, breaching which Nifty has open end and a sharp downfall can be seen. Strong resistance would be seen at 5620-5645 levels. Traders are suggested to remain cautious while short selling as technically short covering (Positive movement) should happen at any point of time, if levels of 5535-5500 are not breached at lower end. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18438) The support for the Sensex is at 18380-18255 and the resistance to the up move is at 18640-18880-18950 levels.

NSE Nifty: (5543) The support for the Nifty is at 5535-5500 and the resistance to the up move is at 5600-5620-5645 levels.

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