Market View for Wednesday 04 Apr 2012



Index Levels


BSE Sensex 17597.42

Major Support 17570 – 17429 – 17382

Major Resistance 17664 – 17687 – 17871


NSE Nifty 5358.50

Major Support 5344 – 5296 – 5278

Major Resistance 5378 – 5385 – 5445


View

The markets opened with a gap up opening and trade indecisive throughout the day. The last two days have been identical with the markets moving up slowly during the first half of the day and later selling off. Today is the last day of the week with a long weekend ahead the markets could trade jittery and subdued. A gap up opening could take away the energy out of the markets. For today watch support for the Sensex @ 17570 and for the Nifty @ 5344 levels. On the higher side resistance should be watched @ 17664 for the Sensex and 5378 for the Nifty. Hold a scrip specific view…

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