Market View for Wednesday 29 Jun 2011

BSE Sensex

18492.45

Major Support

18323

Major Resistance

18527 – 18672


NSE Nifty

5545.30

Major Support

5496

Major Resistance

5558 – 5605


The markets took a pause after displaying a rally for the last 3 days. The closing was a Doji on candlestick patterns. This signifies indecisive mood as the June contracts expire in the coming two days. For the markets today watch major support @ 18323 for the Sensex and 5496 for the Nifty. Above these levels the indices will continue to hold their ground. Choppiness could come in as indices would face resistance coming in from 18527 – 18672 for the Sensex and 5558 – 5605 for the Nifty. Hold a scrip specific view…

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