Index Levels
BSE Sensex 15939.36
Major Support 15789 – 15640
Major Resistance 15970 – 16049 – 16133
NSE Nifty 4765.30
Major Support 4720 – 4675
Major Resistance 4773 – 4800 – 4839
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The markets traded on low volumes and continued to move up as the world markets gave positive vibes. This was a long awaited move of correction for the sold off market. Today the cues which come in from global markets are indecisive and therefore the markets are expected to remain sideways. The Sensex has a support @ 15789 and Nifty has it @ 4720. On then higher side resistance comes in @ 15970 for the Sensex and 4773 for the Nifty. Stocks are not showing any signs of bullishness or bearishness and therefore it is better to hold a low profile for the day.
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