Major Support 18037 – 17804 – 17627
Major Resistance 18283 – 18440
NSE Nifty 5456.55
Major Support 5433 – 5343 – 5252
Major Resistance 5496 – 5551
The markets gave away all the strength witnessed on Monday. This was amidst a lot of negative news flow in the markets on the domestic as well as the international front. The current closing suggests that the direction for the markets for now is down. With resistance @ 18283 – 18440 for the Sensex and 5496 – 5551 for the Nifty the markets are expected to trade weak. Opportunities in form of day trades and shorts should be capitalized. On the lower side supports are seen @ 17804 for the Sensex and 5343 for the Nifty. Weakness is here to stay for now. Be an opportunist in the market and it will earn good returns.
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