Friday, December 16, 2011

BSE Tips For Today


Weekly: Overall trend is sideways, but higher level selling opportunity. For the coming week, the Index is likely to test the support of 16000, which is also a psychological level. If held at this level, it will move towards 16680-17000-17100. Thereafter it will show real move and non-stop target of 17600+. On the lower side, close below 16000, the next target to be 15500+. Weekly Trend Decider: 16453.
Today: Sensex opened negatively after showing volatility in the market. At the end, it closed showing recovery in the market, and closed flat too negatively. Technically below 16396, we can see more downside and above 16835 positive sides. Because of flat closing there were no major changes in support resistance. Now we may consider support at 15800-15745-15478, and resistance 15923-16052-16211.

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