Index Levels
BSE Sensex - 18021.16
Major Support - 17976 – 17916 – 17884
Major Resistance - 18062 – 18198 – 18249 – 18523
NSE Nifty - 5435.35
Major Support - 5421 – 5404 – 5393
Major Resistance - 5447 – 5499 – 5537 – 5629
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Finally the Diesel is in on the domestic front. Now we have clarity on the fuel hike front. The next positive was from the US markets where the Federal Reserve Chairman Ben Bernanke was strong and bullish enough to boost the US markets into a rally hitting multiple year highs. Taking cues from these events our markets are expected to open with a gap up opening. For the Sensex higher levels could be 18249 – 18523 and for the Nifty would be 5537 – 5629. An opening with a gap usually is risky cause the market tend to pause for a few hours in the intraday trade. Same could happen today and we could witness moves in the later half of the day. One thing is for sure that the mood for now is positive. A little help on policy front domestically could fuel a rally in our markets. Investors hold on it’s a weekly closing today. Traders Pro is the solution. Happy Investing & Happy Educating!
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