BSE SENSEX last week was range bound and closed @ 8966.68 appro. 210 points above the last week. You can notice in the above Day chart, sensex has tested the major resistance & was not able to cross the resistance line. Coming week the index likely to be weak or flat. Sensex will be strong if manages to closes above the resistance line, else will be weak and avoid any fresh long postions. Support 8867-8587-8466-8307, Resistance 9086-9120-9259-9556.
March Nifty Fut was also flat for last week and closed @ 2801.65. Here also you can notice in the above chart, Nifty Fut is very near to its major resistance trendline. Nifty Fut chart looks much bettet than sensex chart as it has yet to test the level. Next weak will be the crucial to decide the future trend for the index. Avoid any huge positions on either side, till the trend is clear. Support 2757-2715-2681-2643-2600 Resistance 2815-2830-2868-2918.
March Nifty Fut was also flat for last week and closed @ 2801.65. Here also you can notice in the above chart, Nifty Fut is very near to its major resistance trendline. Nifty Fut chart looks much bettet than sensex chart as it has yet to test the level. Next weak will be the crucial to decide the future trend for the index. Avoid any huge positions on either side, till the trend is clear. Support 2757-2715-2681-2643-2600 Resistance 2815-2830-2868-2918.