Market View for Wednesday 15 Jun 2011

BSE Sensex

18308.66

Major Support

18261 – 18120

Major Resistance

18380 – 18545 – 18672


NSE Nifty

5500.50

Major Support

5484 – 5436

Major Resistance

5520 – 5570 – 5605


The markets continue to trade dull and in a narrow range throughout the day. For the last 10 trading sessions the markets have traded like this. A breakout from this band should help bring some energy back in the markets. For the Sensex watch support @ 18261 and for the Nifty @ 5484 levels. On the higher side resistance should be watched @ 18380 for the Sensex and 5520 for the Nifty. Between these levels the markets would remain choppy and dull. Hold a scrip specific view…

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