Index Levels
BSE Sensex - 17346.27
Major Support - 17294 – 17250
Major Resistance - 17418 – 17509 – 17557
NSE Nifty - 5238.40
Major Support - 5217 – 5215
Major Resistance - 5260 – 5278 – 5295
View
The markets closed the day again with an indecisive trade during the intraday trade. End of the day closing was a spinning top formation on candlestick charts suggesting indecisive mood. As we get ready to trade on the last day of the week we have positive cues coming in from Europe and the US. ECB chairman been positive has triggered in rally in the US markets which are testing 4 year highs and the asian markets too are trading with extreme bullishness. The markets today are expected to open with a gap up opening and this could be traded with caution. If the markets get into a range then it is advisable to wait for a breakout in the intraday trade to enter. As of levels the markets above the supports mentioned above would remain buoyant. Expect the markets to close above the falling trend line support. Hold a scrip specific view.. Happy Investing & Happy Educating!
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