Last Trading Session: Exactly as EquityPandit predicted would remain in consolidation before further upmove and same happened. Market remained volatile in a consolidated region for the first half trading session and then moved down sharply. Finally market closed in negative gap.

Today:  Market likely to open flat with Negative bias. Nifty already achieved our targets of 5500. Technically, now as we said earlier that market would remain in consolidated region between 5350 and 5560. Analysis would still remain same and a sharp movement in either direction after union budget. Union budget is supposed to be presented in Lok Sabha on Monday, February 28, 2011 and railway budget that is going to be presented on February 25, 2011. Traders are advised to trade in small quantity. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

BSE Sensex: (18296) The support for the Sensex is 17995-17830 and the resistance to the up move is at 18560-18750.

NSE Nifty: (5469) The support for the Nifty is at 5388-5340 and the resistance to the up move is at 5500-5560.

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