Market View for Friday 17 Feb 2012



Index Levels

BSE Sensex 18153.99

Major Support 18043 – 18000 – 17890

Major Resistance 18182 – 18231 – 18440

NSE Nifty 5521.95

Major Support 5483 – 5460 – 5377

Major Resistance 5531 – 5542 – 5552


View
The markets closed with an indecisive pattern on day end closing basis. The bullish mood continues with money flowing in one or the other stock. The financial problem started in the American economy in 2008 and in 2012 the stock markets there are hitting new highs. If the money keeps coming we too can hit a new high in a few days. For today if the markets open with a gap up opening then we could see the indices consolidating. For the indices watch resistance @ 18231 for the Sensex and 5542 for the Nifty. On the lower side watch supports @ 18000 for the Sensex and 5460 for the Nifty. Hold a scrip specific view…

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