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Last Trading Session: Exactly as predicted by EquityPandit that market likely to open gap positive with 40 points for Nifty and and 140 points for Sensex and would see further positive movements but in a consolidated region with 5450 as strong resistance for Nifty and 17890 for Sensex and exactly same happened. Market opened exactly at EquityPandit’s predicted levels of 40 points for Nifty and 140 points for Sensex. Market moved positive but remained in a small consolidated region as expected by EquityPandit. Market saw strong resistance near EquityPandit’s predicted resistance levels of 5450 for Nifty and 17890 for Sensex. Finally market closed in gap positive region.

Today: Market likely to open positive with 50-70 points for Nifty and 150-200 points for Sensex. Technically, Market is strong and would see further positive movements and our next target for Nifty would be 5460-5500. Nifty possess strong resistance at 5500-5540 for Nifty whereas support would be seen at 5400 levels for Nifty. Traders can trade long until 5400 holds 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: (17813) The support for the Sensex is 17600 and the resistance to the up move is at 18005-18095-18250.

NSE Nifty: (5430) The support for the Nifty is at 5400 and the resistance to the up move is at 5500-5540.

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