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Last Trading Session: Indian Stock Market opened flat and as predicted by EquityPandit that Nifty would see strong support at 5890 levels and profit booking can’t be ruled out at this point of time and exactly same happened. Market opened flat but has seen strong profit booking as per EquityPandit’s predictions. Market saw lows exactly at EquityPandit’s predicted support levels of 5890 for Nifty. Finally market closed in negative region at 5914.

Today: Indian Stock Market to open negative. Technically, Indian Stock Market should see some more profit booking but if market breaches levels of 5890 for Nifty then next targets for Nifty would be 5865-5845 levels. Nifty possess strong support at 5890-5865-5845 levels whereas resistance would be seen at 5952-5975-6000. Nifty looks to be a short candidate and should be shorted at every upmove until levels of 5952-5975 are breached for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19565) The support for the Sensex is at 19420-19340-19200 and the resistance to the up move is at 19700-19780-19860 levels.

NSE Nifty: (5914) The support for the Nifty is at 5890-5865-5845 and the resistance to the up move is at 5952-5975-6000 levels.

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