Index Levels
BSE Sensex 17752.68
Major Support 17677 – 17638 – 17545
Major Resistance 17919 – 18001 – 18198
NSE Nifty 5385.20
Major Support 5352 – 5343 – 5310
Major Resistance 5424 – 5458 – 5479
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The markets traded choppy with low volumes as the players face tough GDP numbers. Falling growth did subdue the markets but did not materialize into a sell off. The trend is expected to continue today again. Supports should be watched @ 17677 for the Sensex and 5352 for the Nifty. On the higher side resistance should be watched @ 17919 for the Sensex and 5424 for the Nifty. Election results for UP, RBI policy, Union Budget, Greece are some events which have started inducing indecisiveness in the markets. As these events are completed the markets should decide its direction. Therefore this is a period to keep your bull horns and bear tails in the closet. Enjoy a low profile till we have clarity on these issues.
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