Index Levels
BSE Sensex 16446.02
Major Support 16363 – 16289
Major Resistance 16554 – 16663 – 16827
NSE Nifty 4945.90
Major Support 4918 – 4905
Major Resistance 4975 – 5005 – 5054
View
The markets opened with gap up opening bullied by the strength witnessed in the markets day before yesterday and later on consolidated with choppy trade as the cues coming in from global markets remained mixed. Today is derivatives expiry for the September contracts and could be choppy. The global cues would also be something which the players would like to be watchful of as the developments from Europe are carefully watched. For the Sensex watch support @ 16363 and 4918 for the Nifty. On the higher side resistance comes in @ 16554 for the Sensex and 4975 for the Nifty. The markets could remain sideways and scrip specific action could be witnessed.
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