Monday, August 13, 2012

Market View for Tuesday 14 Aug 2012




Index Levels

BSE Sensex - 17633.45

Major Support - 17551 – 17522 – 17471
Major Resistance - 17642 – 17726 – 18040

NSE Nifty - 5347.90

Major Support - 5316 – 5309 – 5294 
Major Resistance - 5352 – 5377 – 5499


View

The markets started the day sideways with a downward bias finally managing to move upwards in the closing hours. Today we have a host of cues starting from Inflation on the domestic front. As of now the markets have a resistance @ 17726 for the Sensex and 5377 for the Nifty. Above these levels the markets would be in good bull grip. For today one needs to watch a range of 17471 and 17726 for the Sensex and 5294 and 5377 for the Nifty. Between these levels intraday trade should be avoided. Happy Investing & Happy Educating!

No comments:

Post a Comment