| BSE Sensex | 18518.22 |
| Major Support | 18481 – 18415 – 18326 |
| Major Resistance | 18708 – 18898 – 18944 |
| NSE Nifty | 5574.85 |
| Major Support | 5560 – 5532 – 5496 |
| Major Resistance | 5631 – 5688 – 5702 |
The markets started off on a steady note finally to give way to the statements coming out from the RBI. As the governor announced a hike in the interest rate the markets saw them selling off in a big way. The indices today have sold off from the important resistance coming in from the falling trendline. This also marks the formation of good resistance and in the future it will play an important role whenever the markets try to rally. The sell off could bring in further indecisiveness in the markets atleast for the week going ahead. Some good announcements from scam struck Indian government are a must to bring some cheer. As of levels the Sensex has a resistance @ 18708 and Nifty has it @ 5631 levels. On the lower side supports should be seen coming in @ 18481 – 18415 for the Sensex and 5560 – 5532 for the Nifty. Scrip specific action will continue in the markets. Investors should wait for some nice formations on charts.
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