Major Support 17859 – 17804 – 17482
Major Resistance 18005 – 18283 – 18440
NSE Nifty 5404.80
Major Support 5378 – 5343 – 5252
Major Resistance 5422 – 5496 – 5551
The markets opened with a gap down opening and traded the day sideways in a narrow range. The day saw the markets swinging up and down to finally close indecisive with a doji formation on candlestick charts. For the day expect the markets to rebound if they open with a gap down again. Wait for the first 15 minutes to trade so as to judge the direction of the move. If the markets open with a gap up opening then they would face selling pressure. As of levels watch resistance for the Sensex @ 18005 and for the Nifty @ 5422 levels. On the lower side supports should be seen @ 17859 for the Sensex and 5378 for the Nifty. Hold a low profile for the day…
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