Index Levels
BSE Sensex 16698.07
Major Support 16542 – 16387
Major Resistance 16756 – 16827 – 17191
NSE Nifty 5015.45
Major Support 4969 – 4924
Major Resistance 5034 – 5054 – 5168
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The markets wanted a reason and they got it yesterday with the German’s approving a bail out for the European crisis. As I said it was just a reason wanted and which the markets got for yesterday and would have nothing to do with the markets for today. It is a new day and the markets would be searching for new triggers. Till then get something new and sizzling which could take them up further, expect the markets to sell off. Also let’s not forget it was expiry of September contracts which was one more reason for the rally yesterday. For the day watch resistance @ 16756 for the Sensex and 5034 for the Nifty. Below these levels the markets would continue to sell off and test support levels. On the lower side the markets could test 16387 for the Sensex and 4924 for the Nifty. Hold a scrip specific view…
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