Market View for Friday 20th, 2011

BSE Sensex 18141.40
Major Support 18057–18020–17792
Major Resistance 18198 – 18255 – 18374

NSE Nifty 5428.10
Major Support 5411 – 5401 – 5348
Major Resistance 5460 – 5496 – 5523


View
The markets traded dull and sideways. Friday last day of the trading week is expected to be another dull sight for the markets as they lack triggers. Weakness will continue to stay in the markets. The indices are expected to face resistance as they try to move northwards. Sensex has a resistance @ 18198 and Nifty has it @ 5460 levels. On the lower side supports come in @ 18020 and 5401 for the Sensex and the Nifty. These if broken could see the indices cracking further in a big way. Hold a Low Profile…

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