Market View for Tuesday 26 Jul 2011

BSE Sensex

18871.29

Major Support

18753 – 18670 – 18533

Major Resistance

18932 – 19084 – 19131


NSE Nifty

5680.30

Major Support

5633 – 5616 – 5567

Major Resistance

5700 – 5740


The markets continued to rally to reach crucial resistances. At current levels the indices will face major resistance coming in from the falling trend line as well as from the highs made earlier this month. This is all amidst numbers not playing spoil sport anytime soon. For the Sensex watch resistance coming in @ 18932 and for the Nifty @ 5700 levels. Today is a crucial day as we wait and see the way markets react at these levels. On the lower side supports come in @ 18753 for the Sensex and 5633 for the Nifty. Hold a scrip specific view… Get ready for some action in the markets.

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