Last Trading Session: Exactly as predicted by EquityPandit that market would open gap positive with 40-70 points for Nifty and 140-200 points for Sensex and would see strong resistance at 5125 levels for Nifty and exactly same happened. Market opened gap positive with EquityPandit’s predicted levels of 48 points for Nifty and 165 points for Sensex. Market moved positive and saw strong resistance at EquityPandit’s predicted resistance levels of 5125 for Nifty like a dot. Finally S&P negative statement for India, dragged market sharply into negative region.

Today: Market likely to open negative with 30-60 points for Nifty and 100-150 points for Sensex. Now profit booking would definitely come in. Market can move further positive but 5080-5125 would act as strong resistance for Nifty whereas supports may be seen at 5000 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16668) The support for the Sensex is 16504-16380 and the resistance to the up move is at 16950-17050.

NSE Nifty: (5054) The support for the Nifty is at 5000-4880 and the resistance to the up move is at 5080-5125.

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