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Advice for – Friday, February 17, 2012

posted by ABHISHEK-PARAKH on Friday, February 17th, 2012

Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 20 points for Nifty where profit booking would be seen where 5475 would act as strong support for Nifty and exactly same happened. Market opened negative exactly with EquityPandit’s predicted levels of 20 points for Nifty like a dot. Market saw profit booking from there due to negative sentiments as per prediction, where Nifty saw supports near to EquityPandit’s predicted support levels of 5475-5480 for Nifty. Finally Nifty recovered to close flat for the day.

Today: Market likely to open positive with 30-50 points for Nifty and 120-160 points for Sensex and some profit booking can be seen later. Now Technically, Market is able to see strong buying at lower levels, which define its strength and market may move further positive to achieve our targets of 5572-5597 for Nifty. Market posses strong support at 5480-5435 for Nifty where as resistance may be seen at 5572-5597-5617 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.

BSE Sensex: (18154) The support for the Sensex is 18000-17850 and the resistance to the up move is at 18334-18450.

NSE Nifty: (5522) The support for the Nifty is at 5480-5430 and the resistance to the up move is at 5572-5597-5617.

Equity Pandit

posted by ABHISHEK-PARAKH on Friday, February 17th, 2012

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