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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would see further short-covering and once market crosses 5610 levels, it would be considered as strong and traders can go long into it and Sensex would see strong resistance at 19075 levels and exactly same happened. Market opened positive exactly as per EquityPandit’s predictions. Market managed to breach 5610 and witnessed a strong momentum. Market saw high exactly near EquityPandit’s predicted resistance levels of 19075 for Sensex. Finally market closed just above EquityPandit’s predicted levels of 5610 for Nifty.

Today: Indian Stock Market to open flat with positive bias. Technically, market is showing some strength and once it closes above 5635 for Nifty, it would see some buying coming in. Market would see some strong resistance at 5649-5680 levels for Nifty, breaching that levels would force Nifty to see a sharp positive movement. But until then, a pullback can be seen where 5555-5520 would act as strong support for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18947) The support for the Sensex is at 18880-18750-18600 and the resistance to the up move is at 19075-19200-19380 levels.

NSE Nifty: (5612) The support for the Nifty is at 5555-5520 and the resistance to the up move is at 5635-5649-5680 levels.

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