Wednesday 23 October 2013

Daily Market Outlook

The markets continue to remain precariously poised, as the BSE index seems is yet to give any conclusive signal on the weekly Fibonacci charts.
On the upside, the BSE index is likely to face resistance around 20,975-odd levels, above which the index can spurt to 21,050-odd levels.

On the downside, break of 20,760-odd levels, can trigger a fresh round of profit taking.

Today, the BSE Sensex may face resistance around 20,920-20,935-20,950, while seek support around 20,815-20,795-20,780.

The NSE Nifty continues to hover around the higher end of the Bollinger Band on the daily charts.

Click Here for the detailed market analysis.

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