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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and would see strong resistance at 5975 levels for Nifty but some profit booking would surely be seen at higher levels near EquityPandit’s predicted resistance levels and exactly same happened. Market opened flat with positive bias as predicted by EquityPandit. Market move up but saw strong resistance at EquityPandit’s predicted resistance levels of 5975 for Nifty and from there, huge profit booking was seen in the market. Finally market closed flat with negative bias.

Today: Indian Stock Market likely to open positive near EquityPandit predicted resistance levels. Technically, analysis would remain same. Nifty would see strong support at 5890-5865 levels whereas immediate support would be seen at 5918 levels for Nifty. Resistance would be seen at 5975-6020-6040 levels for Nifty. Market would be considered positive until Nifty holds levels of 5890. Some profit booking would come at EquityPandit’s predicted resistance levels but holding 5890 levels for Nifty would generate strong base and push market towards 6050-6100 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: (19646) The support for the Sensex is at 19420-19340 and the resistance to the up move is at 19780-19860-19950 levels.

NSE Nifty: (5942) The support for the Nifty is at 5918-5890-5865 and the resistance to the up move is at 5975-6020-6040 levels.

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