NIFTY:
Last Close: 8697.60 (Down 86.45) Resistance Levels: 9000, 9250, 9500, 9800, 10000 Support Levels: 8500, 8300, 8000, 7800, 7500
SENSEX:
Last Close: 28668.22 (Down 607.80) Resistance Levels: 29100, 30000, 31000, 32200, 33000 Support Levels: 27500, 26800, 26000, 25300, 24000 Sensex Range This Week: 28000—29000 above which it will touch 30000 & Below Target 27500; Good Support Closing Below 27500.
Market Commentary:
Any rise will be dominated by selling pressure this week and in coming days. Nifty is a good selling opportunity around 8800—8850 keeping stop loss 8950 closing basis for downside to 8600—8500 soon. Traders should remain seller on rise but keep hedge of call options in derivative sell positions. Hot sector for this week: IT & Auto.
Last Close: 8697.60 (Down 86.45) Resistance Levels: 9000, 9250, 9500, 9800, 10000 Support Levels: 8500, 8300, 8000, 7800, 7500
SENSEX:
Last Close: 28668.22 (Down 607.80) Resistance Levels: 29100, 30000, 31000, 32200, 33000 Support Levels: 27500, 26800, 26000, 25300, 24000 Sensex Range This Week: 28000—29000 above which it will touch 30000 & Below Target 27500; Good Support Closing Below 27500.
Market Commentary:
Any rise will be dominated by selling pressure this week and in coming days. Nifty is a good selling opportunity around 8800—8850 keeping stop loss 8950 closing basis for downside to 8600—8500 soon. Traders should remain seller on rise but keep hedge of call options in derivative sell positions. Hot sector for this week: IT & Auto.
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