Last Trading Session: Indian Stock Market opened flat with positive bias and was highly volatile. Market saw strong resistance at EquityPandit’s predicted resistance levels of 5125 for Nifty. Finally market managed to open positive for the day.

Today: Indian Stock Market likely to open positive with 15-30 points for Nifty and 40-80 points for Sensex. Nifty is rangebound and would see sideways movement between 5045 and 5150 levels and breach of any level would further decide the market direction. Nifty possess strong support at 5045-5000 levels for Nifty whereas resistance may be seen at 5150-5180-5200 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16860) The support for the Sensex is 16750-16660 and the resistance to the up move is at 16950-17050.

NSE Nifty: (5104) The support for the Nifty is at 5045-5000 and the resistance to the up move is at 5150-5180-5200

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