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Last Trading Session: Exactly as EquityPandit predicted that market will see more upside and our next targets would be 5500 and same happened. Market remained volatile for the whole day but already achieved our 3rd target of 5500. Finally market closed in positive region.
Today: Market likely to open flat. Nifty already achieved our targets of 5500. Technically, now next target is 5560 but market would see consolidation before achieving our 4th target of 5560. Market would definitely see levels above 5560 before Union budget that is supposed to be presented in Lok Sabha on Monday, February 28, 2011 and railway budget that is going to be presented on February 25, 2011. Traders are advised to trade in small quantity. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.
BSE Sensex: (18274) The support for the Sensex is 18000 and the resistance to the up move is at 18320-18560.
NSE Nifty: (5481) The support for the Nifty is at 5375 and the resistance to the up move is at 5500-5560.
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