Index Levels
BSE Sensex 17193.55
Major Support 17079 – 16965 – 16828
Major Resistance 17238 – 17258
NSE Nifty 5199.25
Major Support 5162 – 5125 – 5076
Major Resistance 5215 – 5217
View
The markets showed strength as they witnessed a broad based rally. The quarterly numbers are almost through and the next big trigger for the markets leaving aside the cues coming in from Europe would be the Budget which is scheduled after the elections. This means till the Budget there would not be any negative trigger coming in on the domestic front and that could ensure that the strong hands make money in the short term. Consolidations would continue but the overall tendency of the markets could remain biased towards bullishness. For today expect the markets to trade sideways and choppy. As of levels watch support @ 17079 for the Sensex and 5162for the Nifty. On the higher side watch resistance @ 17238 – 17258 for the Sensex and 5215 – 5217 for the Nifty. Selling could come in at higher levels. Hold a scrip specific view…
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