Thursday, September 2, 2010
NIFTY
Mode-Flat
RESISTANCE-5493/5514/5549
SUPPORT-5451/5430/5395
SENSEX
Mode-Flat
Resistance-18261/18316/18408
Support-18150/18095/18003
Above resistance= Strong
Below support =Weak
All above levels are spot levels
If NIFTY breaches 5514 and stays above at least 5493 with good volume then NIFTY may see 5545 and 5565.If Nifty breaches 5430 and stays below 5451 then NIFTY is weak.Then expected lower targets are 5405,5380 and 5355.
If SENSEX breaches 18316 and stays above 18261 with good volume then possible upper targets are 18390 and 18460.If Sensex crosses 18095 and stays below 18150 level then Sensex is weak.Then expected lower targets are 18015,17960 and 17890.
