Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and would currently see some profit booking which would be temporary in nature and same happened. Market opened negative and saw huge profit booking as predicted by EquityPandit. The Key Rates remained unchanged by RBI Policy, which led market to breach EquityPandit supports of 5400 and finally market closed below 5400 levels for Nifty. Sensex exactly saw supports at EquityPandit’s predicted support levels of 17600.

Today: Today is Union Budget Day and market will not follow technicals at all. We don’t suggest trading on Union Budget day. Movement can be seen in any direction and that also sharp one. Market would be highly volatile. Nifty would see supports at 5300-5270-5210 levels whereas resistance can be seen at 5465-5500-5540 levels for Nifty. Further market direction would be decided by outcome of Union Budget. 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..

BSE Sensex: (17675) The support for the Sensex is 17500-17380-17100 and the resistance to the up move is at 18095-18250.

NSE Nifty: (5381) The support for the Nifty is at 5300-5270-5210 and the resistance to the up move is at 5465-5500-5540.

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