Index Levels
BSE Sensex - 17490.81
Major Support - 17471 – 17417 – 17313
Major Resistance - 17651 – 17712 – 17769
NSE Nifty - 5287.80
Major Support - 5281 – 5260 – 5215
Major Resistance - 5315 – 5343 – 5359
View
August contracts expire today. The Nifty witnessed a move from 5100 to 5400 levels and this is what lead to profit booking which has been observed in the last 5 trading sessions. For today watch immediate support @ 17471 for the Sensex and 5281 for the Nifty. If these supports are cracked then expect the selling to take the markets down to 17313 for the Sensex and 5215 for the Nifty. On the higher side resistance comes in @ 17651 for the Sensex and 5315 for the Nifty. Below these the weakness should continue. Only if the markets manage to cross these levels then one should expect the markets to be back with the bulls. Investors should hold a scrip specific view and traders could catch opportunities in the intraday trade. Happy Investing & Happy Educating!
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