| BSE Sensex | 18384.90 |
| Major Support | 18327 – 18258 |
| Major Resistance | 18449 – 18505 – 18545 |
| NSE Nifty | 5521.05 |
| Major Support | 5502 – 5479 |
| Major Resistance | 5540 – 5556 – 5570 |
The markets have narrowed down their intraday movement in the last seven days. Today was a dull session but tomorrow could bring in surprise. Incidentally tomorrow also happens to be the last day of the week and also the eight day of consolidation. Normally on technical charts the eight or the ninth day of such consolidations brings in interest in the markets. We have always believed in facts and therefore it is better for us to go by levels then by assumptions. For the Sensex one needs to watch 18449 as resistance and an upward trend decider and for the Nifty @ 5540 level. On the lower side supports and downward trend deciders should be watched @ 18327 for the Sensex and 5502 for the Nifty. Hold a scrip specific view…
No comments:
Post a Comment