Market View for Wednesday 28 Mar 2012



Index Levels

BSE Sensex 17257.36

Major Support 17061 – 17021 – 17008

Major Resistance 17377 – 17458 – 17586


NSE Nifty 5243.15

Major Support 5184 – 5174 – 5171

Major Resistance 5278 – 5312 – 5385


View

The markets closed on an indecisive note with a DOJI formation on daily charts. With expiry tomorrow the markets are expected to continue trading in the same way. Anything if happens should be expected only on Friday after the March derivative contracts expire. For today the highs and lows of yesterday would play an important role. Support comes in @ 17061 for the Sensex and 5184 for the Nifty. On the higher side resistance comes in @ 17377 for the Sensex and 5278 for the Nifty. Hold Of Low Profile…

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