BSE Sensex	18494.18
Major Support	18390 – 18384 – 18266
Major Resistance	18540 – 18636

NSE Nifty	5550.35
Major Support	5521 – 5492 – 5458
Major Resistance	5568 – 5597

The markets traded dull after a gap down opening. Today is expected to be more or less flat as the markets lack triggers. For the sensex supports come in @ 18390 and for the nifty @ 5521 levels. On the higher side resistance comes in @ 18540 for the sensex and 5568 for the nifty. Hold a low profile…

Market View for Wednesday 1 June 2011

BSE Sensex	18503.28
Major Support	18384 – 18266
Major Resistance	18526 – 18724

NSE Nifty	5560.15
Major Support	5526 – 5492
Major Resistance	5571 – 5605

The markets opened with a gap up opening and managed to ride the morning trend. The close was in positive with a good mood prevailing throughout the day. For today as the markets get ready to trade watch resistance for the indices @ 18724 and 5605 for the Sensex and the Nifty. These are levels where the indices would face major resistance. On the lower side supports come in @ 18384 for the Sensex and 5526 for the Nifty. as for individual stocks it is better to hold a low profile…

Market View for Tuesday 31 May 2011

BSE Sensex	18232.06
Major Support	18199 – 18087 – 17862
Major Resistance	18380 – 18429 – 18492

NSE Nifty	5473.10
Major Support	5458 – 5413 – 5456
Major Resistance	5509 – 5517 – 5605

The markets opened with a gap up opening later to witness selling. All in all the day was dull and sideways on the day end closing basis. Candlestick formation was a spinning top which suggests indecision. The charts suggest that the action should start in the coming two months as the last 4 months have witnessed sideways trend and have been dull on activity. As of levels watch support for the Sensex @ 18199 and for the Nifty @ 5458 levels. On the higher side resistance would be faced @ 18380 by the Sensex and 5509 by the Nifty. It is better to hold a low profile in this current scenario.

Market View for Monday 30 May 2011

BSE Sensex 18266.10

Major Support 17786 – 17295

Major Resistance 18724 – 18871 – 19224


NSE Nifty 5476.10

Major Support 5328 – 5177

Major Resistance 5485 – 5605 – 5659



The markets closed on an indecisive note with the closing on candlestick patterns being a DOJI formation. The indices have managed to gain support at lower levels is something which is clearly visible. This week to be crucial as the indices try to move up from the current levels. For the Sensex watch support @ 17786 and for the Nifty @ 5328 levels. On the higher side resistance comes in @ 18724 for the Sensex and 5485 for the Nifty. Wait for the indices to break past any of these levels so as to decide their direction. Hold a scrip specific view…