Index Levels
BSE Sensex 16775.87
Major Support 16641 – 16510 – 16413
Major Resistance 16878 – 16982 – 17081
NSE Nifty 5030.45
Major Support 4989 – 4964 – 4933
Major Resistance 5065 – 5099 – 5131
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The markets opened flat but sold off with weak cues from the Asian markets. As the European markets started they signed a recovery which saw our markets correcting getting back in the green finally to close in the red. A choppy session amidst absurd volumes which kept coming and going throughout the day. Today could be nothing different and weakness with choppiness is expected to continue. Choppiness is something which traders need to take care of in their intraday positions. as of levels watch support @ 16641 for the Sensex and 4989 for the Nifty. The weakness could take the markets down to test further supports. On the higher side resistance should be watched @ 16878 for the Sensex and 5065 for the Nifty. Below these levels the weakness will persist. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. Time to be a TIGER in the stock markets. 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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