Market View for Thursday 21 Jul 2011

BSE Sensex

18502.38

Major Support

18765 – 18481 – 18326

Major Resistance

18629 – 18765 – 18690


NSE Nifty

5567.05

Major Support

5555 – 5496

Major Resistance

5605 – 5642 – 5654


The indices traded flat with indecisive mood prevailing in the markets. The markets would continue to trade choppy sideways as the numbers continue to remain dull. For the Sensex watch resistance @ 18629 and for the Nifty @ 5605 levels. On lower side support comes in @ 18765 for the Sensex and 5555 for the Nifty. Stocks are not showing any strong patterns and therefore it is advised to hold a low profile…

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