Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and market would be considered positive until 5345 holds for Nifty and would see strong resistance at 5400, which if get breached then next resistance would be 5445 and exactly same happened. Market opened flat with positive bias and moved positive but saw strong resistance at 5400 for almost whole trading session. By the end of the trading session, market managed to breach levels of 5400 for Nifty and closed below our second resistance.

Today: Market likely to open negative with 20-50 points for Nifty and 100-160 points for Sensex. Now market had breached strong resistance of 5400 for Nifty and hence profit booking is expected at these levels. Nifty possess strong resistance at 5450 whereas supports would be seen at 5380-5350 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17885) The support for the Sensex is at 17700-17640 and the resistance to the up move is at 17950-18000.

NSE Nifty: (5421) The support for the Nifty is at 5380-5350 and the resistance to the up move is at 5450.

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