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Advice for – Tuesday, February 21, 2012

posted by ABHISHEK-PARAKH on Tuesday, February 21st, 2012

Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 30-50 points for Nifty and 120-160 points for Sensex with EquityPandit’s targets of 5572-5597 to be achieved with strong resistance of 5617 for Nifty and 18450 for Sensex and then profit booking may be seen and exactly same happened. Market opened positive for Nifty with EquityPandit’s predicted levels of 50 points for Nifty and 160 points for Sensex. Market achieved EquityPandit’s given targets of 5572-5597 for Nifty and then saw strong resistance near EquityPandit’s predicted levels of 5617 for Nifty and 18450 for Sensex.

Today: Market likely to open flat with negative bias. Technically market should now see sideways movement. An important level to be looked at is now 5540-5520 levels for Nifty, which if breached can see some profit booking coming in. Overall market is positive and would move further up if 5540-5520 holds for Nifty. Nifty possess strong support at 5540-5470 for Nifty where as some resistance may be seen at 5617-5645 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits

BSE Sensex: (18289) The support for the Sensex is 18150-18000-17850 and the resistance to the up move is at 18334-18450.

NSE Nifty: (5564) The support for the Nifty is at 5540-5470 and the resistance to the up move is at 5617-5645.

Equity Pandit

posted by ABHISHEK-PARAKH on Tuesday, February 21st, 2012

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