Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with 5300 as strong support levels for Nifty and exactly same happened. Market opened flat with negative opening and a sharp profit booking was seen. Market saw strong supports exactly at EquityPandit’s predicted support levels of 5300 for Nifty and reverted from there. Finally market closed in negative region.

Today: Market likely to open positive with 25-50 for Nifty and 100-150 points for Sensex. Market is still in sideways zone. Since global economy is supporting Indian markets and union budget is also approaching, Indian market would be considered positive and can see some sharp positive movements. On the negative side, market can see sharp downfall, if levels of 5300 are breached as 5300-5210 are strong support levels for Nifty. Resistance to move up is at 5470. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

March-2012 Updates: Market would be highly volatile with the series of news coming ahead; March is a critical month as the UP election results expected on March 6, RBI credit policy review on March 15 and Union Budget on March 16. The market is going to be extremely volatile just before Budget.

BSE Sensex: (17584) The support for the Sensex is 17450-17300 and the resistance to the up move is at 17780-17890.

NSE Nifty: (5339) The support for the Nifty is at 5300-5210 and the resistance to the up move is at 5400-5470.

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