Index Levels
BSE Sensex 16123.46
Major Support 15996 – 15868
Major Resistance 16197 – 16210 – 16297
NSE Nifty 4832.05
Major Support 4799 – 4766
Major Resistance 4851 – 4864 – 4873
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The markets opened with a gap down opening taking cues from the Asian markets which were trading deep in the red. Our markets managed to move up from the intraday lows swinging both sides during the day to close more or less flat if compared to the earlier day closing. For today the markets are expected to open with a gap up opening. After such a opening normally the markets enter a sideways move to finally decide a direction in the last hours of trade. It is better that traders do not jump into a trade without proper discipline. Watch support for the Sensex @ 15996 and for the Nifty @ 4799 levels. On the higher side the next targets could be 16210 – 16297 for the Sensex and 4864 – 4873 for the Nifty. But at higher levels it is better to be cautious.
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