Index Levels
BSE Sensex 17481.93
Major Support 17278 – 17189
Major Resistance 17527 – 17661 – 17813
NSE Nifty 5265.75
Major Support 5201 – 5164
Major Resistance 5281 – 5310 – 5360
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The markets rally due to broad based short covering witnessed after noon hours. This was with help from the European markets which witnessed a rally after a gap down opening. Today the markets are expected to open with a gap up opening and the later direction would be decided by the cues coming in from the rest of the markets in the world and the intraday positions. One good thing about our markets is that they now have filled the gap which was left as they had opened with a gap up opening on last Friday. This is a good sign and could help the markets gallop further without any negative vibes coming in from the rest of world markets. As of levels watch 17278 as crucial support for the Sensex and 5201 for the Nifty. On the higher side the indices could try and test 17661 and 5310 on the higher side today.
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