Last Trading Session: Exactly as predicted by EquityPandit, that market would open flat but would see levels near 5000 for Nifty and since diwali is approaching, Indian Stock Market may see positive trends irrespective of any global worries and same happened. Market opened flat with only 6-7 points positive exactly as predicted and saw a sharp positive trend from there as expected by EquityPandit that it would see levels near 5000 soon. Finally market ended just below our target of 5000 for Nifty.

Today: Market likely to open positive gap up with atleast 80-100 points for Nifty and 280-300 points for Sensex. Technically, Indian stock market is gaining strength and would see further positive trends in days to come. EquityPandit’s next target for Nifty is 5080-5100-5150. Now Nifty posses strong support near 4900 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16557) The support for the Sensex is 16230 and the resistance to the up move is at 16858-16985.

NSE Nifty: (4980) The support for the Nifty is at 4900 and the resistance to the up move is at 5080-5100-5150.

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