Index Levels
BSE Sensex 15970.75
Major Support 15876 – 15782 – 15761
Major Resistance 15998 – 16068 – 16133
NSE Nifty 4779.00
Major Support 4748 – 4718 – 4693
Major Resistance 4787 – 4818 – 4839
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The markets stayed afloat as the European and the American markets remained closed. The beaten down market got into correction mode with most of the stocks moving up. Today again is expected to be another day which if is not disturbed with an negative news flow would see the overall markets moving up. Small moves and dull activity could also be seen as witnessed yesterday. Holding a low profile this week is the best strategy for the week. For today watch support for the Sensex @ 15876 and for the Nifty @ 4748 levels. On the higher side the next targets for the markets could be 15998 – 16068 for the Sensex and 4787 – 4818 for the Nifty. As the markets move to the higher levels they could get cautious and therefore all positions should be held with strict stop losses.
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