Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and once the levels of 4955 is breached for Nifty, levels nearer to 5000 may be seen soon for Nifty and Nifty would possess strong support at 5000 same levels and exactly happened. Market opened flat for Nifty with 3 points negative for pre-market session and then after market opened, it started moving up. Once the level of 4955 was breached, market saw high at 4995 just near EquityPandit’s predicted levels. Market saw strong resistance near Equitypandit’s predicted support levels of 5000 for Nifty. Sensex also saw high just near EquityPandit’s predicted resistance levels of 16450. Finally market closed gap positive for the day.

Today: Market likely to open flat. Market now in positive momentum. Some profit booking would definitely be seen at higher levels but now market breath is positive and can see further positive trends upto 5035 for Nifty in days to come, if market holds levels of 4940 for Nifty. Nifty possess immediate resistance near levels of 5035 and strong resistance near 5080-5100 whereas support may be seen at 4940 levels for Nifty.  Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key Results today: NCC, ONGC, SAIL, Tata Motors, Power Grid Corporation, Apollo Hospitals, Aurobindo Pharma, GMR Infra, EIH, Hindustan Coper, Hotal Leela, HPCL, Lanco Infra, Mirc Electronics, Praj Industries, Shipping Corporation, Shree Renuka Sugars, SUN Pharma, United Spirits, Welspun Corp.

BSE Sensex: (16416) The support for the Sensex is 16200 and the resistance to the up move is at 16520-16660.

NSE Nifty: (4986) The support for the Nifty is at 4940 and the resistance to the up move is at 5035-5080.

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