Market
ended flat with a negative bias on Tuesday, mirroring weak Asian markets and mixed cues from
Europe, as investors awaited Fed chief Janet Yellen's testimony before
Congressional committees today and tomorrow. The Sensex finished down 12 points
at 28339, dragged down by auto stocks. The Sensex touched a high of 28386
points and a low of 28263 points during the intra-day trade. The broader Nifty
index fell by 12 points to 8792.
On
the upside, 8845 through 8875 would be the first supply zone to watch out
for—once this range is taken out we can expect another dash at the 8900 or
higher levels. Further up, resistance is likely to be felt between 8930 and 8955.
On the other hand, if it were to go down below 8750 and sustain
there it is likely to get good support between 8720 and 8685.
More about intraday tips on Google +
Resistance: 8845, 8875, 8915
Support: 8750, 8720, 8685
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