Last Trading Session: As EquityPandit predicted that market would see short covering and the same happened. Markets remained positive for the whole day as predicted and revert near EquityPandit suggested support of 5690. Market was not able to cross EP suggested resistance levels of 5850. Market ended flat in negative region.

Today: Market likely to see positive opening. Technically, Next support for Nifty is 5690-5617. Its results season, so market would definitely react to the results and decide the further direction. But since market is oversold, a sharp short covering is expected and market may see positive region. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

BSE Sensex: (19196) The support for the Sensex is 19050-18815 and the resistance to the up move is at 19520-19690-20000.

NSE Nifty: (5754) The support for the Nifty is at 5690-5617 and the resistance to the up move is at 5850-6000.

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