Last Trading Session:  Exactly as predicted by EquityPandit that Market would open flat and would see strength at lower region and profit booking at higher region as market is in consolidated region and same happened. Market opened flat went up and down for the whole trading session and was totally directionless. Finally market closed almost from where it started.

Today: Technically analysis would remain same as yesterday and market would see sideways movement only. Market is showing strength at lower region, which is a good sign. But huge profit booking is seen at higher levels due to psychological weak levels. 5325-5400 are strong hurdles for Nifty to be breached where as Nifty is seeing strong support at 5220 levels. Traders should remain cautious as one negative day would land Indian market into troubles hence they should either wait and watch for a day or trade in very small quantity. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17570) The support for the Sensex is 17330-17275 and the resistance to the up move is at 17700-17814

NSE Nifty: (5289) The support for the Nifty is at 5220-5200-5180 and the resistance to the up move is at 5325-5400.

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