| BSE Sensex | 18653.87 |
| Major Support | 18521 – 18481 – 18326 |
| Major Resistance | 18690 – 18936 – 19000 |
| NSE Nifty | 5613.55 |
| Major Support | 5569 – 5557 – 5496 |
| Major Resistance | 5627 – 5654 – 5700 |
The indices rallied in the late hours on Tuesday. Most of the trade was due to short covering lead by traders running in to cover their positions. The positions are mostly driven by the numbers announced by the companies as of now. Traders playing it blind without discipline tend to get trapped on such occasions making the markets swing. This is a good opportunity for traders who trade based on logic. Some results to watched tomorrow which could also see action in the price of stocks are Petronet LNG, Polaris, Dish TV, LIC Hsg, Bharati Ship, Rel Ind Infra, Dr Reddy. As for the indices watch resistance @ 18690 for the Sensex and 5627 for the Nifty. On the lower side watch supports @ 18521 for the Sensex and 5569 for the Nifty. Hold a scrip specific view…
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