Index Levels
BSE Sensex 16483.45
Major Support 16430 – 16179
Major Resistance 16718 – 16807
NSE Nifty 4936.85
Major Support 4916 – 4851
Major Resistance 5011 – 5036
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The markets witnessed a euphoric opening as they opened 2 to 3% higher. After this big opening the bull strength fizzled out and the markets traded sideways throughout the day. The choppiness was high and the strength failed to continue at higher levels. The markets have left a big gap with yesterdays trade and this would make the markets trade sideways and choppy for a few days from here. For today watch resistance @ 16718 for the Sensex and 5011 for the Nifty. On the lower side supports should be seen @ 16430 for the Sensex and 4916 for the Nifty. Hold a Low Profile…
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