Index Levels
BSE Sensex - 18542.31
Major Support - 18480 – 18284 – 18062
Major Resistance - 18619 – 18715
NSE Nifty - 5610.00
Major Support - 5585 – 5528 – 5447
Major Resistance - 5631 – 5652
View
In the last 9 days the Nifty has witnessed a move from 5200 to 5600 levels. This was the fastest move in the last many months. Yesterday we witnessed a choppy trade with consolidation happening. Some amount of profit booking too was witnessed which is very natural for the markets to go through after witnessing a big rally. the consolidation and the type of move seen yesterday could continue today again with the markets staying choppy and corrective. The cues coming in from the global markets are indecisive. As of levels for today watch markets staying range bound between yesterdays high and low levels. Resistance for today would come in @ 18715 for the Sensex and 5652 for the Nifty. On the lower side support should be watched @ 18480 for the Sensex and 5585 for the Nifty. For today traders should avoid trades to holding low profile. Investors can take a scrip specific view but again with a low profile. Happy Investing & Happy Educating!
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