Index Levels
BSE Sensex 17145.52
Major Support 17008 – 16828
Major Resistance 17239 – 17336 – 17691
NSE Nifty 5220.45
Major Support 5171 – 5076
Major Resistance 5243 – 5266 – 5382
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The Greece overhang seems to be nearing a positive end bringing in cheer in the global markets. on the domestic front the next big trigger is the monetary policy and the Union budget coming up in the next week. The indices have witnessed a 10% correction till now. The cues coming in from the Pre opening is that the markets would open with a gap up. This is something which players should be cautious of as the markets would find it difficult in sustaining to the gains with such a opening. There can be exceptions and therefore entering trades on confirmations is advisable. For the Sensex watch support @ 17008 and for the Nifty @ 5171 levels. On the higher side the markets could test levels mentioned above as resistance. Scrip specific action will continue.
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