Last Trading Session:  Exactly as predicted by EquityPandit that Market would open flat but can see profit booking at these levels with 5320 as strong support levels for Nifty and 17647 for Sensex and same happened. Market opened flat and saw profit booking from there. Market saw strong support twice at EquityPandit’s predicted levels of 5320 for Nifty like a dot and rebounded from there. Finally market closed in negative region near EquityPandit’s predicted support levels.

Today: Market likely to open negative with alteast 40-60 points for Nifty and 120-150 points for Sensex. Market is over stretched at these levels but still it can get to the target of 5440-5485 levels for Nifty in days to come but in cyclic manner. Market would remain in consolidated region and can see some downtrend as it is overstretch to develop a strong support at these levels. Global market sluggishness can also depress the Indian market strength.Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17705) The support for the Sensex is 17647-17530-17442 and the resistance to the up move is at 18012-18127-18298.

NSE Nifty: (5327) The support for the Nifty is at 5300-5274-5230 and the resistance to the up move is at 5400-5440-5485.

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