Market View for Friday 24 Jun 2011

BSE Sensex

17727.49

Major Support

17526 – 17482 – 17314

Major Resistance

17754 – 17925


NSE Nifty

5320.00

Major Support

5252 – 5195

Major Resistance

5330 – 5372


The markets traded choppy but with low levels of activity. Over all consolidating the gains and losses observed in the last few days. It is the last day of the week and the markets would trade under pressure. As of levels watch resistance for the Sensex @ 17754 and for the Nifty @ 5330 levels. On the lower side support comes in @ 17526 for the Sensex and 5252 for the Nifty. Between these levels the markets would remain dull. No stock picks as of now. It is advisable to have a wait and watch approach.

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