Friday, September 3, 2010
NIFTY
Mode-Flat
RESISTANCE-5498/5510/5529
SUPPORT-5474/5463/5443
SENSEX
Mode-Flat
Resistance-18277/18316/18380
Support-18199/18161/18097
Above resistance= Strong
Below support =Weak
All above levels are spot levels
If NIFTY breaches 5510 and stays above atleast 5498 with good volume then NIFTY may see 5525 and 5545.If Nifty breaches 5463 and stays below 5474 then NIFTY is weak.Then expected lower targets are 5448 and 5430.
If SENSEX breaches 18316 and stays above 18277 with good volume then possible upper targets are 18370 and 18450.If Sensex crosses 18161 and stays below 18199 level then Sensex is weak.Then expected lower targets are 18105 and 18050.
