Index Levels
BSE Sensex 17065.00
Major Support 16922 – 16663 – 16488
Major Resistance 17157 – 17256
NSE Nifty 5124.65
Major Support 5080 – 4993 – 4942
Major Resistance 5154 – 5197
View
Our markets opened strong with stocks opening on the positive side. The fag end of the markets witnessed some pressure but overall the markets traded flat after opening strong. The participation was low and therefore the movement in most of the stocks was sluggish after the strong opening. Thursday could again be a sluggish day if the markets open with a gap up opening. If they open with a gap down opening then expect the markets to witness some movement. For the Sensex watch support @ 16922 and for the Nifty @ 5080. If the markets open above these levels and move down then we could witness a damp trade. On the higher side watch targets for the indices @ 17256 for the Sensex and 5197 for the Nifty. Hold a scrip specific view. Intraday is now easier with Event Viewer built inside PROFISION Pro. Take benefit of the short term moves using this feature. Medium to Long term investors need to make use of stocks picked by Technical Assist – Stocks inside PROFISION. Happy Investing and Happy Educating!!!
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