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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 15-40 points for Nifty and strong profit booking would be seen near EquityPandit’s predicted resistance levels for Nifty and exactly same happened. Market opened positive exactly with EquityPandit’s predicted levels of 25 points and as predicted by EquityPandit strong profit booking was seen from EquityPandit’s predicted resistance levels but Market was not able to support the downmove and hence cracked deep into negative region.

Today: Indian Stock Market to open negative. Now, technically, market is back in the bear grip. Market would see immediate support at 5300-5250 breaching which Nifty may see strong support at 5200-5120 levels whereas resistance would be seen at 5400-5430-5495 levels for Nifty. Traders are suggested to initiate short sell only below 5300 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18235) The support for the Sensex is at 18130-17920-17750-17440 and the resistance to the up move is at 18564-18908 levels.

NSE Nifty: (5341) The support for the Nifty is at 5300-5250-5200-5120 and the resistance to the up move is at 5400-5430-5495 levels.

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Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.