Last Trading Session: As EquityPandit predicted that market would see downside if closed negative for last week, and same happened. Market was negative for the whole day but closed flat.
Today: Technically, market is weak and can even test 5535 levels if it breaches 5600 levels in Nifty. But a sharp upmove is a possibility. So traders can go long for target of 5750-5800 with strict stoploss of 5600. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.
BSE Sensex: (18882) The support for the Sensex is 18500-17930 and the resistance to the up move is at 19250.
NSE Nifty: (5655) The support for the Nifty is at 5535 and the resistance to the up move is at 5750-5885.
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