Thursday, February 23, 2012

Market View for Thursday 23 Feb 2012



Index Levels

BSE Sensex 18145.25

Major Support 18095 – 18000 – 17890

Major Resistance 18318 – 18490

NSE Nifty 5505.35

Major Support 5491 – 5460 – 5428

Major Resistance 5557 – 5609


View
The February contracts expire today and the markets are expected to trade under pressure. The trade could remain subdued as we start the day with the moves coming in the latter part of the day. For the day watch major resistance @ 18318 for the Sensex and 5557 for the Nifty. Below these levels the markets would trade under the grip of bears. Hold a low profile for today.

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