Market View for Tuesday 05 Jul 2011

BSE Sensex

18814.48

Major Support

18781 – 18447 – 18132

Major Resistance

18942 – 19031 – 19200


NSE Nifty

5650.50

Major Support

5633 – 5534 – 5441

Major Resistance

5679 – 5706 – 5750


The markets turned cautious as the indices reached the resistances coming in from the falling trend line formed by joining all the recent tops. The undercurrent is there as they manage to hold on to supports. The earnings season starts next week and could bring in cheer in the markets till the numbers do not turn out to be spoil sport. For the Sensex supports come in @ 18781 and for the Nifty 5633 levels. Above these levels the indices will manage to hold their ground. On the higher side resistance comes in @ 18942 for the Sensex and 5679 for the Nifty. Hold a scrip specific view…

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