Index Levels:
BSE Sensex 16461.71
Major Support 16048 – 16270 – 16230
Major Resistance 16608 – 16754 – 16807
NSE Nifty 4934.75
Major Support 4919 – 4886 – 4861
Major Resistance 4980 – 5027 – 5036
View:
The markets opened flat and traded sideways throughout the day finally closing deep in the red as the European markets sold off in the afternoon hours. The Indian markets have witnessed massive selling in the past few days and are now expected to take a breather. Weakness is expected to continue with the overhang of the European crisis. For the Sensex watch support @ 16048 and for the Nifty @ 4919 levels. On the higher side watch resistance @ 16608 for the Sensex and 4980 for the Nifty. Hold a low profile for investments as of now. Concentrate in opportunities in the Intraday Trade. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. Today Intraday Action Viewer made a profit of Rs.5543.55. Have you used the Intraday Action Viewer? If not and you want more information on it then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.
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