BSE Sensex | 18268.54 |
Major Support | 18182 – 17786 – 17469 |
Major Resistance | 18545 – 18672 – 18724 |
NSE Nifty | 5485.80 |
Major Support | 5457 – 5328 – 5232 |
Major Resistance | 5570 – 5604 |
The markets traded indecisive with the closing on week end charts being a spinning top formation. The current trend in the markets is due to lack of triggers which could make the markets swing. The next big trigger for the markets is the first quarter earnings which would start off in the next month. Till such time the markets are expected to remain sideways to weak. For the markets this week watch supports coming in @ 18182 for the Sensex and 5457 for the Nifty. On the higher side resistance should be watched @ 18545 for the Sensex and 5570 for the Nifty. In between these levels the markets will trade with dull activity. Hold a low profile for the week…
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