Signals, Powered By EquityPandit
Last Trading Session: Exactly as predicted by EquityPandit that market will open negative with 50 points for Nifty and 150 points for Sensex and will see strong supports at 5210 levels for Nifty and 17100 levels for Sensex with resistance at 5370 for Nifty and 17780 for Sensex and exactly same happened. Market opened negative exactly with EquityPandit’s predicted levels of 50 points for Nifty. Market rose from there but saw strong resistance near Equitypandit’s predicted resistance levels of 5370 for Nifty and saw a sharp fall from there to Equitypandit’s predicted support levels of 5210 for Nifty like a dot. Sensex also saw supports at EquityPandit’s predicted support levels of 17100 levels. Finally market closed in deep negative region.
Today: Market likely to open negative with 20-40 points for Nifty and 80-120 points for Sensex. Technically, Market may see further downfall. Greece economy worries would further sharpen the downfall. Nifty possess strong support at 5080 levels and resistance to move up may be seen at 5300-5340 for Nifty. 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: (17173) The support for the Sensex is 16960-16830 and the resistance to the up move is at 17380-17505.
NSE Nifty: (5222) The support for the Nifty is at 5210-5080 and the resistance to the up move is at 5300-5340.
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