Index Levels
BSE Sensex - 17885.26
Major Support - 17795 – 17705 – 17622
Major Resistance - 18040 – 18303 – 18523
NSE Nifty - 5421.00
Major Support - 5380 – 5368 – 5341
Major Resistance - 5499 – 5561 – 5629
View
The markets moved up again yesterday. The last hour of trade witnessed buying in most of the stocks which helped the index move up. Today the morning cues coming in from the global markets are dull and this could have a dampening effect on yesterday’s bullish sentiment. For today the direction could be best judged after the noon hours. In the morning we could see the markets consolidating / correcting to test supports but the overall undercurrent is expected to stay intact. Watch supports @ 5380 for the Nifty and 17795 for the Sensex. The day could be a flat to choppy today and traders should hold a low profile. Investors can hold a scrip specific view. Happy Investing & Happy Educating!
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