Last Trading Session:  As predicted by EquityPandit that Market would open flat with negative bias and strong support exist at 4980-5000 levels for Nifty and 16600 levels for Sensex and same happened. Market opened flat with negative bias and had seen strong support at 5000 levels for Nifty and near 16660 for Sensex. Finally market closed flat with negative bias.

Today: Market likely to open flat with positive bias. Technically market is strong now and had achieved all the given targets of EquityPandit for Nifty. Definitely some small profit booking would be seen in between to strengthen the support levels but overall market health is good for time being. Nifty now possess strong support levels at 5007-4980-4930 and resistance would be seen at 5110-5140-5177. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16805) The support for the Sensex is 16660-16510 and the resistance to the up move is at 17044-17110-17211.

NSE Nifty: (5039) The support for the Nifty is at 5007-4980-4930 and the resistance to the up move is at 5110-5140-5177.

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