BSE Sensex | 18376.48 |
Major Support | 18199 – 17786 – 17295 |
Major Resistance | 18672 – 18871 – 19224 |
NSE Nifty | 5516.75 |
Major Support | 5458 – 5328 – 5177 |
Major Resistance | 5604 – 5659 – 5766 |
The markets closed indecisive with a spinning top formation on candlestick charts. For the week one needs to watch resistance @ 18672 for the Sensex and 5604 for the Nifty. These levels will keep the indices under pressure. Below these levels the indices will continue to trade weak. On the lower side supports should be watched @ 18199 for the Sensex and 5458 for the Nifty. If the indices fail to breach resistance levels then expect them to sell off further. Hold a scrip specific view…
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