Market View for Friday 27 May 2011

Index Levels

BSE Sensex

18044.64

|

NSE Nifty

5412.35

Major Support

17917 – 17862 – 17786

|

Major Support

5372 – 5348 – 5232

Major Resistance

18072 – 18269 – 18429

|

Major Resistance

5422 – 5456 – 5517

View

The markets traded choppy trading dull in the first half of the day to later show strength and jump back in the late hours of trade. The markets could recover or rally in the first half of the day today. As they move up the resistance levels they could face testing times. It is the last day of the week and therefore the markets could remain dull in the closing hours. Sensex has a major resistance @ 18072 and Nifty has it @ 5422 levels. On the lower side supports come in @ 17917 for the Sensex and 5372 for the Nifty. Hold a Low Profile…

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