Index Levels
BSE Sensex 15857.08
Major Support 15809 – 15789 – 15640
Major Resistance 15980 – 16004 – 16049
NSE Nifty 4749.95
Major Support 4730 – 4720 – 4675
Major Resistance 4779 – 4800 – 4839
View
The markets closed with an indecisive pattern on candlestick charts. The formation was Doji which tells us that the markets players are confused of the direction of the markets and therefore the highs and lows are important for deciding the further direction. With this view supports should be watched @ 15809 for the Sensex and 4730 for the Nifty. On the higher side resistance comes in @ 15980 for the Sensex and 4779for the Nifty. Between these levels the indecisive mood could continue. The volumes currently have dried up which sends a message that one needs to be cautious before entering a trade. Hold a low profile…
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