Last Trading Session: Indian Stock Market opened flat with positive bias and as expected market saw high volatility due to global and Indian market weak sentiments and rising dollar prices. Market traded positive for almost whole trading session but the fell down sharply as expected. Market saw strong supports near EquityPandit’s predicted support levels of 5100 for Nifty and 16850 levels for Sensex. Finally market closed just above EquityPandit’s predicted support levels.

Today: Indian Stock Market likely to open negative. Southward pointing close for the market indicates bear trend and hence negative trend can’t be ruled out at this point of time but market should rebound back from support levels. Nifty possess strong supports near 5060-5000 levels whereas resistance to move up would be seen at 5180-5200 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16882) The support for the Sensex is 16600-16504-16380 and the resistance to the up move is at 16950-17050-17135.

NSE Nifty: (5115) The support for the Nifty is at 5060-5000 and the resistance to the up move is at 5180-5200.

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