Index Levels
BSE Sensex 17705.01
Major Support 17668 – 17347 – 17189
Major Resistance 17813 – 17908 – 18121
NSE Nifty 5326.60
Major Support 5314 – 5220 – 5164
Major Resistance 5360 – 5399 – 5475
View
As expected the markets opened at the levels where they had closed and traded flat throughout the day. This was also on account of the Asian markets which were trading flat and dull. Today could also be another day like yesterday with the mood dampening announcement of a finance company filing for bankruptcy in the US. We need to remember that on Friday the markets have left a big gap when they opened higher. This gap has to be filled before a big rally can be witnessed in our markets. Scrip specific action is expected to continue during this period. Keep a close eye on the immediate supports. These if broken could trigger the markets falling down to fill the gaps. Watch them @ 17668 for the Sensex and 5314 for the Nifty. On the higher side resistance should be seen coming in from the high levels of yesterday which exist @ 17813 for the Sensex and 5360 for the Nifty. A breach of any of the levels mentioned could see the markets moving in that direction. Hold a scrip specific view…
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