Thursday, August 16, 2012

Market View for Friday 17 Aug 2012




Index Levels

BSE Sensex - 17657.21

Major Support       -     17640 – 17572 – 17522
Major Resistance -     17764 – 18040

NSE Nifty - 5362.95

Major Support        -       5356 – 5328 – 5309
Major Resistance  -       5390 – 5499



View

The market continues to trade as crucial levels. Today is the last day of the week and the day could again be clueless. Indices should continue to close above the supports mentioned above. This move will trigger an up move in the days to come. Scrip specific action should continue. On the higher side resistance for the day should be watched @ 17764 for the Sensex and 5390 for the Nifty. Range bound trade could continue. Happy Investing & Happy Educating!

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