Market View for Wednesday 22 Jun 2011

BSE Sensex	17560.30
Major Support	17504 – 17314 – 17295
Major Resistance	17715 – 17925

NSE Nifty	5275.85
Major Support	5257 – 5195 – 5177
Major Resistance	5322 – 5372

The markets traded indecisive as the there was relief on the tax mans front related to the money routed through Mauritius. Most of the stocks traded sideways and this type of movement is expected to continue. For the day watch supports @ 17504 for the Sensex and 5257 for the Nifty. On the higher side resistance will be faced @ 17715 for the Sensex and 5322 for the Nifty. Between these levels the markets would remain choppy and dull. Avoid trading between these levels. Hold a low profile as individual stocks are not showing any signals for now.