Index Levels
BSE Sensex 17480.83
Major Support 17422 – 17347 – 17189
Major Resistance 17661 – 17813 – 17908
NSE Nifty 5257.95
Major Support 5238 – 5220 – 5164
Major Resistance 5310 – 5360 – 5399
View
The markets witness hangover of the European crisis and continue their consolidation as the players seem to have disappeared at current levels. Lets not forget that the markets have moved above their trading range of Sept and Oct with a gap up opening on the last Friday. This surely is not a good sort of a breakout for any chart / price. Now if the markets have to continue the momentum then they need to test the breakout levels and move up again with strength. Till then the markets are expected to remain damp. For today watch support for the Sensex @ 17422 and for the Nifty @ 5238 levels. On the higher side watch resistance for the Sensex @ 17661 and for the Nifty @ 5310 levels. Hold a scrip specific view…
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