Index Levels
BSE Sensex - 17384.40
Major Support - 17349 – 17337 – 17313 – 17026
Major Resistance - 17509 – 17557 – 17605
NSE Nifty - 5253.75
Major Support - 5243 – 5238 – 5164
Major Resistance - 5295 – 5303 – 5342
View
The markets traded indecisive to close with a spinning top formation on end of the day charts. The closing suggests that yesterdays high and low are important levels for the markets today due to the formation. For today watch resistance @ 17509 for the Sensex and 5295 for the Nifty. On the lower side support should be watched @ 17337 for the Sensex and 5238 for the Nifty. These supports are important cause if they are broken then the markets would see the complete gains for August being wiped off. But without this happening the markets would trade indecisive and choppy. Hold a low profile. Happy Investing & Happy Educating!
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