Signals, Powered By EquityPandit
Last Trading Session: Exactly as predicted by EquityPandit that market likely to open gap positive with 50-70 points for Nifty and 150-200 points for Sensex and would see strong resistance at 5500 for Nifty and exactly same happened. Market opened gap positive with EquityPandit’s predicted levels of 65 points for Nifty and 200 points for Sensex. Market saw strong resistance at EquityPandit’s predicted resistance levels of 5500 for Nifty. Finally market saw some profit booking at those levels and closed in positive region. EquityPandit’s Nifty target of 5460 achieved and next target of 5500 was almost achieved.
Today: Market likely to open negative. Technically, Market is still strong and would see further positive movements in days to come but currently some profit booking is expected which would be temporary in nature. Nifty still possess strong resistance at 5500-5540 levels for Nifty whereas support would be seen at 5400 levels 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..
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: (17919) The support for the Sensex is 17770-17600 and the resistance to the up move is at 18095-18250.
NSE Nifty: (5464) The support for the Nifty is at 5400 and the resistance to the up move is at 5500-5540.
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