Wednesday, August 15, 2012

Market View for Thursday 16 Aug 2012




Index Levels

BSE Sensex 17728.20

Major Support 17631 – 17572 – 17551
Major Resistance 17753 – 18040



NSE Nifty 5380.35

Major Support
5343 – 5328 – 5316 
Major Resistance 5387 – 5499


View



The markets closed with a bullish trend. The close is at crucial levels making new top and also a new high in the last 5 months. Today and tomorrow will be important as we need to watch whether the markets sustain above these levels. Resistance for the Sensex comes in @ 17753 and for the Nifty @ 5387 levels. If the markets sustain above these levels the indices are set to rally further without knocking doors. On the lower side supports come in @ 17631 and 5343 for the Sensex and the Nifty. The trade could be clueless to start off as only last two trading days left. Hold a scrip specific view. Happy Investing & Happy Educating!

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