Friday, 1 November 2013

Daily Market Outlook

The markets are in rollicking mood, and the bias for the rest of week, including the Muhurat Trading on Sunday, is likely to remain bullish as long as the BSE index sustains above 20,950-odd levels.

On the upside, as explained yesterday, the Sensex has given a buy signal on the yearly charts, and is now likely to test yearly R-2 around 21,500-odd levels.

As per the daily Fibonacci charts, on Friday, the Sensex may seek support around 21,080-21,060-21,030, while face resistance around 21,245-21,270-21,295.

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