Last Trading Session:  As predicted by EquityPandit that market will open flat with positive bias and see see immediate support at 4800 levels for Nifty and 15985 levels for Sensex and same happened. Market opened flat with 13 points positive for Nifty in pre-opening session (9 – 9:15 AM) but moved down sharply after market opening due to Reliance Industries and Bharti issues and saw strong support at EquityPandit’s predicted support levels of 4800 for Nifty and 45985 for Sensex. Finally market closed just above EquityPandit’s predicted support levels.

Today: Market likely to open flat. Market would be now in consolidated region and swing between support and resistance levels.  Nifty possess strong support at 4742 levels and resistance at 4859-4907 levels. Overall global market is positive but Indian markets are reacting on Index heavyweights like Reliance and Bharti, which can force market to touch support levels, else overall market is neutral. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16008) The support for the Sensex is 15950-15880-15640 and the resistance to the up move is at 16212-16358-16504.

NSE Nifty: (4805) The support for the Nifty is at 4742-4700 and the resistance to the up move is at 4859-4930.

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