Last Trading Session: As predicted by EquityPandit that market would open negative and would see strong supports at 5145 levels for Nifty and would see sideways movements and same happened. Market opened negative and surprised by seeing positive movements just after opening. Finally market closed in positive region.

Today: Market likely to open flat with negative bias. Market is still weak but 5185 levels can be taken into consideration while trading. Until 5185 levels holds for Nifty, market can see positive movements and can touch the levels of 5300 again. But once 5185 levels are breached, traders are suggested to go for shorts. Nifty possess immediate supports at 5185 levels and strong support at 5145 levels for Nifty. On the positive side market would see strong resistance at 5305-5330-5355, which once breached can take market to the levels of 5500 for Nifty. Investors should consider this downtrend as strong opportunity to invest and earn handsome short term profits as this downtrend would be temporary. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package and EP-F&O Special Package to earn consistent daily profits in any market direction.

BSE Sensex: (17151) The support for the Sensex is 17010-16970-16850 and the resistance to the up move is at 17260-17330-17504.

NSE Nifty: (5226) The support for the Nifty is at 5185-5145 and the resistance to the up move is at 5305-5330-5355.

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