Index Levels
BSE Sensex 15870.35
Major Support 15839 – 15478
Major Resistance 16112 – 16354
NSE Nifty 4764.60
Major Support 4755 – 4639
Major Resistance 4835 – 4906
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The IIP data took it toll on the markets with the indices sinking deep in the red. With the American closing in the negative and the Asian markets too trading in the red our markets are expected to open in red. A relief rally could be on cards which could be a small one and on intraday basis. The trend continues to be down for now. For the Sensex watch support @ 15389 and for the Nifty @ 4755. On the higher side resistance comes in @ 16112 and 4835 for the Sensex and the Nifty respectively. Hold a scrip specific vew…
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