Index Levels
BSE Sensex 16883.92
Major Support 16854 – 16608
Major Resistance 17048 – 17084 – 17191
NSE Nifty 5077.85
Major Support 5067 – 5055
Major Resistance 5104 – 5130 – 5137
View
The markets witnessed a breather as they reached the upper band of the current range. The global cues too remained indecisive on the outcome of the Eurozone. In between the day we had the RBI governor coming out and speaking his mind making them volatile eroding the bunch of traders who tried to make a living. All announcements should be banned during market hours. At times it seems these people have positions in the market and to make them work in their favour they come out and make an announcement. Anyways we can only discuss nothing else. For today watch major resistance @ 17191 for the Sensex and 5137 for the Nifty. At these levels the indices would feel the heat. The choppiness is expected to be high with moments of despair with the volumes suddenly disappearing from the markets. On the lower side supports should be seen @ 16608 for the Sensex and 5055 for the Nifty. Hold a scrip specific view…
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