User:Ptpune

Market View for Wednesday 23 Mar 2011 '''Index Levels BSE Sensex 17988.30 | NSE Nifty 5413.85 Major Support 17878 – 17792 | Major Support 5376 – 5348 Major Resistance 18041 – 18251 | Major Resistance 5428 – 5483''' View The markets continued to trade in a narrow range throughout the day. The volumes too remained low and recently they have come down to half of the regular ones. Lack of triggers has made the markets narrow down their band of movement. This is a good sign for the markets because when such patterns form the prices tend to move big way in the direction of the breakout. With such a formation happening it would be better to wait for the right opportunity to pounce on. For the Sensex watch resistance @ 18041 and for the Nifty @ 5428 levels. On the lower side support exists @ 17878 for the Sensex and 5376 for the Nifty. Hold a Low Profile…