Index Levels
BSE Sensex 17222.14
Major Support 17199 – 17117 – 17039 – 16920
Major Resistance 17314 – 17407 – 17553
NSE Nifty 5234.40
Major Support 5228 – 5206 – 5145 – 5135
Major Resistance 5260 – 5282 – 5338
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The markets sold off confirming the short term resistance coming in from the falling trend line as mentioned in yesterday’s newsletter. The earnings season is set to start and therefore the markets are getting cautious of the outcome. On the global front Iran remains a problem in turn keeping the crude prices up. The current formation suggests that we are now heading for the lower end of the band. For today we need to watch resistance @ 17314 for the Sensex and 5260 for the Nifty. On the lower side watch support coming in @ 17199 for the Sensex and 5228 for the Nifty. The markets will trade choppy and therefore it is advisable to hold a low profile in case of all trading positions. Investor should wait for the moment for stocks to make good patterns on charts. 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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