Index Levels
BSE Sensex 15517.92
Major Support 15358 – 15135
Major Resistance 15542 – 15694 – 15887
NSE Nifty 4636.75
Major Support 4588 – 4531
Major Resistance 4645 – 4690 – 4756
View
The markets traded with dizzy volumes and choppy moves as there were no cues coming from the global front with all the major stock exchanges closed on account of new year. Today the cues coming in are positive and our markets are expected to open gap up. This is something which markets players should be cautious of as this move if without volumes can fail. It is better to wait for extra confirmation and then enter a trade in such a market. Sensex has a support @ 15358 and Nifty has it @ 4588 levels. On the higher side next levels for the indices could be 15694 – 15887 for the Sensex and 4690 – 4756 for the Nifty. Hold a scrip specific view…
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