The nervous trading witnessed over the last four sessions indicates that there can be a short term decline before the index makes further progress. on Friday Dow Jones closed 22points down. in my opinion Indian market may open lower on Monday morning. weekly support and resistance of sensex and nifty.
Sensex
Resistance-:
(1) 16450
(2) 16540
(3) 16750
Support-:
(1) 16001
(2) 15800
(3) 15400
Nifty
Resistance-:
(1) 4900
(2) 4930
(3) 5035
Support-:
(1) 4740
(2) 4675
(3) 4585
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