Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and traders are suggested to remain cautious as market is over-stretched and a sharp profit booking can be seen anytime now and exactly same happened. Market open flat and a strong profit booking was seen, which forced market to breach support of 6065 and hence market has seen a sharp fall to close at 5980 levels for NIfty.

Today: Indian Stock Market likely to open flat to positive. Nifty 5965-5940-5900.would act as strong support for Nifty whereas 6070-6110 would act as strong resistance for Nifty. Nifty may see rangebound region but traders are suggested to remain cautious and should trade long until Nifty holds 5965 levels, below which Nifty can see further profit booking. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19691) The support for the Sensex is at 19504-19380 and the resistance to the up move is at 19770-19850-20000 levels.

NSE Nifty: (5980) The support for the Nifty is at 5965-5940-5900 and the resistance to the up move is at 6070-6110 levels.

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