Index Levels
BSE Sensex 17094.51
Major Support 17027 – 16920 – 16828
Major Resistance 17251 – 17407 – 17664
NSE Nifty 5207.45
Major Support 5185 – 5135 – 5076
Major Resistance 5244 – 5306 – 5378
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The markets sold off after the disappointing guidance from Tech Daddy Infosys Technologies. The earnings season continues and so does the cautious mood in the markets. Today we have inflation numbers coming out and an RBI policy coming up tomorrow. With the goof ups in numbers that we have seen from the government agencies it is difficult to have faith on these numbers. Intraday charts could remain choppy for some more days. On the short term day end charts the markets continue to remain in a range and this range could prove a testing time for the overall markets. The global cues are negative but our markets could buck the trend in those markets. For this week we need to watch support @ 17027 for the Sensex with a major support @ 16920 and for the Nifty @ 5185 with a major support @ 5135 levels. On the higher side this week the markets could find resistance @ 17251 – 17407 for the Sensex and 5244 – 5306 for the Nifty. Within this range the indices would remain choppy. 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. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LAUNCHING SOON >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 1) MARKET VIEW ON YOUR MOBILE 2) COMMODITY TRADER – Pro (Intraday Technical Analysis Software for Commodities) 3) COMMODITY TRADER – Eod (Positional Signals on Commodities) 4) INTRADAY TA PICKS ON YOUR MOBILE 5) OPTIONS TRADER – Pro (Intraday Technical Analysis Software for trading options of NIFTY & BANK NIFTY) >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’<
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