Signals, Powered By EquityPandit
Last Trading Session: Exactly as predicted by EquityPandit that market will open negative with 20-40 points for Nifty and will see further downfall with 5210-5170 as support levels for Nifty and exactly same happened. Market opened negative with EquityPandit’s predicted levels for 20 points for Nifty and tried to recover from there but fell down sharply and saw strong supports at EquityPandit’s predicted support levels of 5170 for Nifty. Finally market closed flat for the day.
Today: Market likely to open flat with positive bias but would see positive movements of 25-50 points for Nifty and 100-160 points for Sensex on the positive side soon after opening. Technically, market is still weak but is overstretched and hence should see some short covering (positive trends) coming in. Market will see immediate resistance at 5265 and strong resistance at 5300-5340 for Nifty, whereas supports can be seen at 5170-5125. Market would be highly volatile till Union Budget hence traders are suggested to trade in small quantity. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package to earn consistent daily profits in any market direction. Today, you can subscribe to EP-Basic Package at Rs.800* per month instead of Rs.4000 per month. See details at EquityPandit’s Biggest Ever Offer at www.equitypandit.com
March-2012 Updates: Market would be highly volatile with the series of news coming ahead; March is a critical month as RBI credit policy review to be held on March 15, and Union Budget on March 16. The market is going to be extremely volatile just before Budget.
BSE Sensex: (17146) The support for the Sensex is 16960-16830 and the resistance to the up move is at 17380-17505.
NSE Nifty: (5220) The support for the Nifty is at 5210-5170-5125 and the resistance to the up move is at 5300-5340.
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