Market View for Wednesday 01 Jun 2011

BSE Sensex

18503.28

Major Support

18384 – 18266

Major Resistance

18526 – 18724


NSE Nifty

5560.15

Major Support

5526 – 5492

Major Resistance

5571 – 5605


The markets opened with a gap up opening and managed to ride the morning trend. The close was in positive with a good mood prevailing throughout the day. For today as the markets get ready to trade watch resistance for the indices @ 18724 and 5605 for the Sensex and the Nifty. These are levels where the indices would face major resistance. On the lower side supports come in @ 18384 for the Sensex and 5526 for the Nifty. as for individual stocks it is better to hold a low profile…

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