Market View for Thursday 29 Mar 2012



Index Levels

BSE Sensex 17121.62

Major Support 17040 – 17021 – 17008

Major Resistance 17245 – 17366 – 17458


NSE Nifty 5194.75

Major Support 5170 – 5076

Major Resistance 5236 – 5277 – 5312


View

The markets traded yesterday subdued with expiry on cards today. Today is expected to be a same day. For today watch support @ 17040 and for the Nifty @ 5170. On the higher side for the Sensex watch resistance @ 17245 and 5236 for the Nifty. Supports to be watched closely for the day. If these are broken then expect a major sell off to happen. But choppy activity at these levels should be handled with care. Hold a Low Profile..

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