Stock Market View

Market View for Wednesday 25 May 2011

Index Levels BSE Sensex 18011.97 | NSE Nifty 5394.85 Major Support 17933 – 17792 – 17469 | Major Support 5367 – 5348 – 5232 Major Resistance 18110 – 18269 – 18429 | Major Resistance 5422 – 5456 – 5517 View The markets traded flat and indecisive. On day end closing basis the indices formed Doji patterns which symbolize indecision. This is mainly due to lack of triggers on the domestic as well as global front. For the day watch support for the Sensex @ 17933 and for the Nifty @ 5367 levels. On the higher side watch resistance coming in @ 18110 for the Sensex and 5422 for the Nifty. Between these levels the indices would continue to trade dull. A move above or below these levels could bring in some movement in the markets. The bias continues to remain weak. For the overall markets some more sell offs cannot be denied. Hold a Low Profile…