Sunday 20 October 2013

Weekly Markets Outlook

The markets logged gains for the third straight week, and have now reached crucial resistance levels on the daily and the weekly charts. Also, the Sensex is now likely to test the yearly Fibonacci resistance, hence one should be cautious at higher levels.

The BSE index may face resistance around 20,975-21,050. Similarly, the Nifty is likely to face resistance above 6,215-odd levels.

Visist marketonmobile.com for the detailed weekly report.

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