BSE Sensex 18432.25
Major Support 18358 – 18326
Major Resistance 18571 – 18708 – 18898
NSE Nifty 5546.80
Major Support 5521 – 5496
Major Resistance 5588 – 5631 – 5688
The markets continued to trade under pressure from the day before yesterday’s announcements made by the RBI governor. At current levels the indices have approached good support levels. If the indices respect these levels then the markets would continue to stay in strong hands. If these levels are cracked then that would suggest that we should get ready for a correction in the immediate short term. As of levels watch supports coming in @ 18358 – 18326 for the Sensex and 5521 - 5496 for the Nifty. On the higher side resistance should be watched @ 18571 for the Sensex and 5588 for the Nifty. Hold a scrip specific view…
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