Market View for Tuesday 18 Oct 2011



Index Levels

BSE Sensex 17025.09

Major Support 16928 – 16836 – 16660

Major Resistance 17176 – 17191

NSE Nifty 5118.25

Major Support 5084 – 5057 – 5011

Major Resistance 5160 – 5168


View
The indices have been trading near the upper band of the current range. These are levels where the indices will face resistance and are expected to witness a correction. This period can also see the indices moving down to test supports at the lower end of the band. For today watch resistance @ 17176 for the Sensex and 5160 for the Nifty. On the lower side watch supports coming @ 16836 for the Sensex and 5057 for the Nifty. Hold a Low Profile…

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