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A quick correction possible
For now, 79,700 would be the sacrosanct support level, above which market could move up to 80,500-80,750; However, below 79,700, we could see one...
Traders waiting for either side breakout
77,700 would be the immediate breakout level, above which the market could move up till 78,000-78,200 range; However, below 77,100pts, the market is...
Caution alert for investors
Post 77,000 breakout, the market could rally up to 77,300-77,400pts; On the other side, below 76,300 the index could retest the level of 76,000-75,800
Market texture is extremely volatile
For now, 50-day SMA or 73500 and 74000 would be the key resistance areas while 71000-70200 would act as key intraday supports zones
Level-based trading will be ideal
For now, 73,500 will act as a sacrosanct support level for Sensex, above which markets could bounce back till 74500-75000. On the flip side, uptrend...
Market holds lower top formation
For now, 74,800 would act as a trend decider level, below which the market could slip till 74300-74100. On the flip side, above 74,800, we could...
Market holds the positive momentum
For the traders now 73,900 would act as a key support level, above which it could rally till 74500-74600. On the flip side below 73,900, we could see...
Profit booking continues, mkts end flat
Investors prefer to offload in index heavyweights amid high valuation concerns
