Tuesday, September 4, 2012

Market View for Wednesday 05 Sep 2012




Index Levels


BSE Sensex   -   17440.87

Major Support         -     17378 – 17308
Major Resistance   -     17509 – 17557 – 17605



NSE Nifty   -   5274.00

Major Support        -       5249 – 5233
Major Resistance  -       5295 – 5303 – 5342




View


The markets managed to take support on the trend line finally closing the day in the green. These levels are important for the days going forward. Watch support @ 17378 – 17308 for the Sensex and 5249 – 5233 for the Nifty. The markets should ideally survive these levels and could be broken only if the strong hand in the markets have given up hopes. Expect the markets to open with a gap down opening. But one needs to trade cautious today as the choppiness could be high. Hold a low profile. Happy Investing & Happy Educating!

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