Index Levels
BSE Sensex 16213.46
Major Support 16142 – 15890 – 15478
Major Resistance 16512 – 16812 – 17003
NSE Nifty 4866.70
Major Support 4841 – 4769 – 4639
Major Resistance 4951 – 5036 – 5099
View
The European leaders arrive at a mild solution for the crisis. We should ideally not be calling it as a solution but we can call it as a direction towards the solution. So finally the curtains are down and there were no negative vibes coming from Brussels last week. This should not help people now bring their focus back to India and players would now try to search for triggers on the domestic front. With the lack of triggers our markets could become dull again. But technically strong stocks will continue to show movements and those moves should be looked as opportunities in these markets. For the Sensex watch support @ 16142 and for the Nifty @ 4841 levels. Above these levels the markets would continue to trade cautious as it moves up. These are important supports above which markets would survive the bears. On the higher levels resistance could come in @ 16512 for the Sensex and 4951 for the Nifty. Breakout below supports could trigger a sell off. Hold a scrip specific view…
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