Last Trading Session: Exactly As predicted by EquityPandit, that there is much possibility for the market to see sharp short covering and same happened. Market moved up sharply exactly to EquityPandit predicted resistance level of 5560 and ended in green region.

Today: Market likely to open flat. Market to see further upmoves till 5585-5600 levels for Nifty, where some selling pressures can be seen. 5500 has emerge out as a strong support for Nifty. It will see cyclically up and down movements. But overall market looks positive and there are chances to see sharp up moves if it doesn’t see selling pressures at higher levels. Investors should remain invested and enjoy profits and traders can go long until 5500 holds for Nifty.

BSE Sensex: (18503) The support for the Sensex is 18330 and the resistance to the up move is at 18550-18750.

NSE Nifty: (5555) The support for the Nifty is at 5500 and the resistance to the up move is at 5585-5600.

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