Market View for Friday 20 Apr 2012



Index Levels


BSE Sensex 17503.71

Major Support 17432 – 17361 – 17200

Major Resistance 17553 – 17664


NSE Nifty 5332.40


Major Support 5320 – 5291 – 5266

Major Resistance 5342 – 5378



View

The markets traded choppy and indecisive. The markets face resistance at these levels for the last two days. Reliance announces numbers today and the day could be driven by expectations of numbers. For today watch resistance @ 17553 for the Sensex and 5342 for the Nifty. Below these levels the indices would continue to face pressure. The trade could be scrip specific more than being index specific. On the lower side supports should be watched @ 17432 – 17361 for the Sensex and 5320 – 5291 for the Nifty. Hold a scrip specific view. Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86.

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