Index Levels:
BSE Sensex 15727.85
Major Support 15666 – 15546 – 15472
Major Resistance 15854 – 15887 – 16049
NSE Nifty 4705.80
Major Support 4685 – 4636 – 4601
Major Resistance 4731 – 4756 – 4800
View:
The markets are expected to start off on a weak note taking cues from the US markets. The afternoon trade to be dictated by the European markets which will start at 1.30 pm. Today also is the December derivatives contracts expiry and that could bring volatility in the markets. For the Sensex watch resistance @ 15854 and for the Nifty @ 4731 levels. Below these levels the markets would remain weak and test further supports down the line. Hold a scrip specific view.
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