Index Levels
BSE Sensex - 17783.21
Major Support - 17705 – 17522 – 17435
Major Resistance - 17972 – 18040 – 18303 – 18523
NSE Nifty - 5386.70
Major Support - 5368 – 5350 – 5309 – 5260
Major Resistance - 5448 – 5499 – 5561 – 5629
View
This is a an expiry week and could bring in choppiness in the markets. This series has witnessed the Nifty move up by approx 7%. The current levels that the markets are trading at are very crucial. The Nifty is trading at the trend line plotted after joining all recent tops. Profit booking could be witnessed if the markets dip below this trend line. This level exists at 5368 – 5350 levels. Watch these levels closely throughout the week. On the higher side major resistance exists @ 17972 for the Sensex and 5448 for the Nifty. Hold a scrip specific view. Happy Investing & Happy Educating!
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