Index Levels
BSE Sensex 15379.34
Major Support 15190 – 14684
Major Resistance 15440 – 15923 – 16354
NSE Nifty 4613.10
Major Support 4555 – 4538 – 4353
Major Resistance 4623 – 4779 – 4906
View
The markets traded sideways moving up and down with the final volatility being added by the European markets. The movement is expected to remain same throughout the month. Our markets now need domestic triggers which would help them move as per our own sentiments. This could also bring in good trading markets. Till such a time expect volatility to stay. Today watch support @ 15190 for the Sensex and 4555 for the Nifty. These are the levels from where the markets witnessed a rebound. These levels now will play a crucial role as important supports. Above these levels the beaten down markets would try to enjoy a breather. Upsides could be limited to 15923 for the Sensex and 4779 for the Nifty. Lets not forget that after the breakdown the markets have not tested back those levels and that’s what will happen today or tomorrow. The moves will be decided as per the market’s reaction when it reaches these levels. Scrip specific action to continue.
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