Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with negative bias but would see strong positive movements and possess strong resistance at 4950 for Nifty and exactly same happened. Market has seen flat negative pre-market opening and then sharply moved positive on opening. Market saw strong resistance near EquityPandit’s predicted resistance levels of 4950 for Nifty and then tanked down. Finally market closed marginally positive.

Today: Market likely to open positive with 30-50 points for Nifty and 120-160 points for Sensex. Technically market is positive but profit booking is seen at higher levels. Overall market should move further positive. Nifty possesses strong support at 4850-4835 whereas resistance would be seen at 4950-5000-5030 for Nifty. Traders can trade long until Nifty holds 4900-4850 levels. Investors can consider good opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key Results Today: Tata Power, GTL, Opto Circuits, Power finance Corporation, Wockhardt.

BSE Sensex: (16183) The support for the Sensex is 16000-15840 and the resistance to the up move is at 16380-16450.

NSE Nifty: (4906) The support for the Nifty is at 4850-4835 and the resistance to the up move is at 4950-5000-5030.

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