Last Trading Session: Indian stock Market opened flat and went down sharply. Nifty achieved EquityPandit’s downside targets 5200 for Nifty and closed just above it.

Today: Market likely to open positive. Indian stock market may see further negative trends in days to come if levels of 5170 get breached and recent lows of 5135 can be seen again. Nifty possess immediate support at 5170 and strong support at 5135-5115 levels whereas resistance may be seen at 5300-5340. A positive reaction may come in a day or two. Traders are suggested to wait for F&O Expiry before entering into bigger trades. Investors can consider this downtrend as an opportunity to invest as this downtrend is very temporary in nature. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17096) The support for the Sensex is 16970-16850 and the resistance to the up move is at 17200-17380.

NSE Nifty: (5201) The support for the Nifty is at 5170-5135-5115 and the resistance to the up move is at 5300-5340.

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