Index Levels
BSE Sensex 17919.30
Major Support 17837 – 17680 – 17494
Major Resistance 18040 – 18198 – 18249
NSE Nifty 5463.90
Major Support 5437 – 5391 – 5327
Major Resistance 5499 – 5521 – 5537
View
The markets have been witnessing gap up opening for the last 4 trading sessions. And due to the cautious optimism in the markets mercy the Union Budget scheduled on Friday after a buoyant opening the trading has remained choppy with scrip specific activity. With global cues continuing to be strong our markets would continue the current pattern of their moves. This is expected to happen till Friday when everybody would be glued to the television sets to interpret the Union Budget. for the day watch support for the Sensex @ 17837 and for the Nifty @ 5437 levels. On the higher side resistance should be watched @ 18040 for the Sensex and 5499 for the Nifty. Till the markets stay above the supports expect the mood to stay bullish. Hold a scrip specific view…
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