Index Levels
BSE Sensex 16165.09
Major Support 16031 – 15898
Major Resistance 16180 – 16354 – 16382
NSE Nifty 4849.55
Major Support 4810 – 4771
Major Resistance 4855 – 4906 – 4918
View
The markets moved above the range in which they were trading for the last one month. It was a bombastic move and therefore today the markets are expected to remain choppy. The volumes could be dull and the movements could be stock specific as the 3rd quarter earnings season starts. Tomorrow Infosys is scheduled to announce numbers and market players would like to wait with crossed fingers expecting Infosys to come out with some positive surprises. As of levels watch supports for the Sensex @ 16031 and for the Nifty @ 4810. Above these levels the markets should stay afloat and in the hands of the bulls. On the higher side major resistance comes in @ 16354 – 16382 for the Sensex and 4906 – 4918 for the Nifty. Hold a Scrip Specific View…
No comments:
Post a Comment