Index Levels
BSE Sensex 17412.96
Major Support 17313 – 17164 – 17026
Major Resistance 17451 – 17582 – 17631
NSE Nifty 5282.55
Major Support 5260 – 5195 – 5164
Major Resistance 5293 – 5336 – 5348
View
The markets opened with a gap up opening taking cues from the global markets. The later trade for the day was sideways. The current close is in between the gap which the markets had left in mid July. Yesterdays high and low will play an important role for the trade in the markets today. There are no serious cues coming in today and therefore the markets would be in search of triggers. If we cross resistance @ 17451 for the Sensex and 5293 for the Nifty we could have yesterday’s euphoria continuing further. Till the indices do not cross these resistances we could see consolidation happening in the markets. Traders should avoid trading in the consolidation. Investors should hold a scrip specific view and look at stocks which have come up in the stock assist. Happy Investing & Happy Educating!
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