Signals, Powered By EquityPandit
Last Trading Session: Exactly as predicted by EquityPandit that market will open gap positive and would see short covering (positive trends) but would see strong resistance at 5340 levels for Nifty and 17505 levels for Sensex. Market opened gap positive as expected and saw sharp short covering for the day. Market saw strong resistance at EquityPandit’s predicted resistance levels of 5340 for Nifty like a dot. Sensex also closed just below EquityPandit’s predicted resistance levels of 17505.
Today: Market likely to open flat. Market may see further positive trends due to momentum and would see strong support at 5300 levels for Nifty, whereas Resistance would be seen at 5400-5450 levels for Nifty. Traders can trade long until 5300 holds for Nifty. Market would be highly volatile due to Union Budget, this week 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: (17503) The support for the Sensex is 17450-17300 and the resistance to the up move is at 17690-17780-17890.
NSE Nifty: (5334) The support for the Nifty is at 5300-5270 and the resistance to the up move is at 5400-5450.
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