Index Levels
BSE Sensex 17085.34
Major Support 16984 – 16883 – 16669
Major Resistance 17107 – 17188 – 17211
NSE Nifty 5139.15
Major Support 5109 – 5080 – 5011
Major Resistance 5148 – 5160 – 5169
View
The markets opened with a gap up opening and managed to move up throughout the day to close on a strong note. This was mainly due to the bank stocks with major heavyweights supporting this move. At current levels the indices are trading just below crucial resistances. The volumes will remain low with choppy trade. For the Sensex support for the day comes in @ 16984 and for the Nifty @ 5109. On the higher side major resistance comes in @ 17188 – 17211 for the Sensex and 5160 – 5169 for the Nifty. If the indices manage to move up again then at higher levels they are expected to face a tough time. Hold a scrip specific view…
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