Market View for Tuesday 14 Jun 2011

BSE Sensex

18266.03

Major Support

18120 – 17786

Major Resistance

18313 – 18545 – 18672


NSE Nifty

5482.80

Major Support

5436 – 5328

Major Resistance

5496 – 5570 – 5605


The markets opened with a gap down opening later managing to recover to make new intraday highs eventually forcing shorts to run for cover. Overall on day end closing basis on candlestick patterns it was a spinning top formation. For the day watch support @ 18120 for the Sensex and 5436 for the Nifty. On the higher side an upmove would face resistance @ 18313 for the Sensex and 5496 for the Nifty. Hold a low profile…

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