Index Levels
BSE Sensex 16189.36
Major Support 16086 – 16037 – 15962
Major Resistance 16214 – 16257 – 16354
NSE Nifty 4873.90
Major Support 4844 – 4827 – 4803
Major Resistance 4880 – 4898 – 4910
View
The markets bucked the trend in the European and the Asian markets. American markets were closed and therefore there were no cues coming in from that side of the world. Our markets which have witnessed lot of selling till now defied the trend and managed to stay afloat though with high levels of choppiness. The inflation numbers provide some spice for the markets. On Tuesday we would start off more or less on our own later to follow the trend in the European markets and the guidelines coming in from the American Futures. For the Sensex watch support @ 16086 – 16037 and for the Nifty watch it @ 4844 – 4827 levels. On the higher side resistance to come in @ 16257 – 16354 for the Sensex and 4898 – 4910 for the Nifty. Results season to bring in spiked moves in the market. As of now hold patience till the markets bring some nice opportunities for us to capitalize on.
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