Index Levels
BSE Sensex - 17541.64
Major Support - 17471 – 17417 – 17367
Major Resistance - 17605 – 17651 – 17712
NSE Nifty - 5315.05
Major Support - 5255 – 5215
Major Resistance - 5343 – 5359
View
The indices have taken support on the trendline plotted joining all the recent two year tops. This is a good sign for the markets and with this formation they have also proved that the undercurrent still is strong and the recent correction was nothing but profit booking of the recent rally from 5100 to 5400 for the Nifty. For today major watch support @ 17367 for the Sensex and 5255 for the Nifty. On the higher side resistance comes in @ 17712 for the Sensex and 5359 for the Nifty. Between these levels the choppy trade could continue. Scrip specific action will take the limelight for now. Happy Investing & Happy Educating!
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