Index Levels
BSE Sensex 16002.51
Major Support 15890 – 15778 – 15645
Major Resistance 16079 – 16354
NSE Nifty 4800.60
Major Support 4767 – 4733 – 4693
Major Resistance 4824 – 4906
View
The markets traded choppy going up then down and finally a surprise move up in the closing trade. The markets were undecided as to the direction after the sell off on Monday. Today’s move could also be termed as a breather. The markets are trading on crucial supports coming in from levels of Aug, Sept, Oct and November 2011. These levels need to be watched closely as till the time the markets stay around these levels they would trade choppy. Wednesday to see the IIP numbers coming in and that could be a trigger for the markets after the noon hours. But till then the markets are expected to trade dull and lack luster. Hold a scrip specific view…
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