BSE Sensex (11802): The market cracked and has closed below the all-important support of 11900 but has yet still managed to close above the crucial support of 3566 and so a bounce is possible in this down move.
The support for the Sensex is 11150 and the resistance to the up move is at 12382- 12783.
Nifty (3602): The support for the Nifty is at 3566-3401 and the resistance to the up move is at 3758-3790-3867.
Source: MoneyControl
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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