Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see strong support at 5300 levels for Nifty and 17504 levels for Sensex and exactly same happened. Market opened flat with 2 points positive for Nifty and went down sharply near EquityPandit’s predicted support levels of 5300 for Nifty and 17504 levels for Sensex from where it rebounded sharply to close in positive region.

Today: Indian Stock Market likely to open positive with 10-35 points for Nifty. Technically, market looks to touch levels of 5360-5375 but should see profit booking from there.  Nifty would see strong resistance near 5365-5380-5440 whereas support would be seen at 5310-5295-5270 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key results to be declared today: Amtek Auto, Bajaj Hind, Essar Oil, Finolex Cables, Gammon India, HDIL, Hindalco Industries, Hindustan Copper, IDFC, Jain Irrigation, JHS Svendgaard, Mercator Lines, MMTC, National Alum, Opto Circuits, Orchid Chemicals, Pipavav Defence, Piramal Health, REI Agro, Reliance Infra, Reliance Power, Shree Renuka Sugar, Unitech, Videocon Industries and Welcorp.

BSE Sensex: (17633) The support for the Sensex is at 17520-17450-17380 and the resistance to the up move is at 17700-17740-17870.

NSE Nifty: (5348) The support for the Nifty is at 5310-5295-5270 and the resistance to the up move is at 5365-5380.

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