Tuesday, February 1, 2011

Share Market Technical Levels for Today

Nifty Today again remained below 200 Days DMA and still seems to be in a consolidated range of 5400-5700. It managed to close above 5500 mark and made the day low of of 5416. As the market is oversold, we can see a small pull-back in share market tomorrow.

Support for Nifty is 5450-5416 and Resistance is 5530-5560 Levels

BSE Sensex: (18396) the crucial support on the Sensex on the downside is 17926 and resistance at 18880