Last Trading Session:  Exactly as predicted by EquityPandit that market would open negative with almost 40 points for Nifty and would see support at 4735 levels for Nifty and exactly same happened. Market opened negative with almost 35 points for Nifty and had seen strong support at EquityPandit’s predicted support levels of 4735 for Nifty like a dot. Market remained highly volatile due to global uncertainty and finally seen sharp positive movement to end positive for the day.

Today: Market likely to open flat with negative bias. Technically analysis remains same and market is still weak. Few of the events and disclosures would be seen this week, details of which can be seen here. Result of this event would decide market direction and worse results may drag market to breach 2 years Nifty low of 4639. Downside is open for Nifty but may see supports near 4735-4700 for Nifty and would see strong resistance near 4850-4870 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. EP-Basic Package of EquityPandit with high accuracy and consistent daily profits to all its subscribers can generate good profits for traders in this type of Market. This package provides consistent daily profits in all market conditions whether market moves up or falls sharply.

BSE Sensex: (16002) The support for the Sensex is 15770-15645 and the resistance to the up move is at 16086-16186-16212.

NSE Nifty: (4801) The support for the Nifty is at 4735-4700-4640 and the resistance to the up move is at 4850-4870-4910.

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