Index Levels
BSE Sensex 17224.36
Major Support 17157 – 17004 – 16919
Major Resistance 17245 – 17291 – 17342
NSE Nifty 5227.75
Major Support 5209 – 5154 – 5129
Major Resistance 5237 – 5246 – 5267
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The markets traded indecisive and range bound throughout the day yesterday. The indices have reached a major resistance from the gap that they had left in the mid of last month. Below this level the indices would stay choppy to weak. The opening today is expected to be weak. The cues coming in from the global markets are of weakness and Europe is something which could provide direction for the market today. Till noon the markets are expected to trade after opening. A day to hold a low profile till confirmed moves are signaled. For the markets to rally they have to cross levels of 17342 for the Sensex and 5267 for the Nifty. Happy Investing & Happy Educating!
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