| BSE Sensex | 18762.80 |
| Major Support | 18447 – 18132 – 17925 |
| Major Resistance | 19031 – 19200 – 19811 |
| NSE Nifty | 5627.20 |
| Major Support | 5534 – 5441 – 5372 |
| Major Resistance | 5706 – 5750 – 5944 |
The markets bounced back on short covering as the June contracts expired. At current levels the markets are trading just below resistance coming in from a falling trend line joining the recent tops. The strength in the markets can be prominently observed for now. This is despite of all the negative news flow on the domestic as well as the global front. We have had scams, rising inflation, fuel price hike and rising interest rates to name a few. After all this the markets have managed to stay afloat. They have held their supports very well till now. This is something which market players should not forget. Now until and unless something drastically wrong happens we should not be expecting the markets to crack in a big way. All said and done this strength is also not enough for the markets to rally in a big way. The markets now need some positive developments on the policy front and the least on the numbers announced by the companies. The first quarter earnings season will start in the coming week. If these numbers happen to be good then that could prove to be a booster for the markets. For the Sensex watch supports @ 18447 – 18132 and for the Nifty @ 5534 – 5441 levels. Above these levels the indices are expected to hold positive. Resistance from the falling trend line comes in @ 19200 for the Sensex and 5750 for the Nifty. It is time for us to get ready for some action. In our careers we learn first and earn later, in the same way in the stock markets we need to be prepared for the opportunities which may come up any time. Opportunities are plenty if you stay in the stock markets for life. If you look at the stock markets with a come and go approach then it is not meant for you and neither would you be doing justice to your hard earned money. On that note let’s hold a scrip specific view and be watchful of all the opportunities that come our way…
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