SENSEX :
For sensex our resistance level was 18603 and sensex made a high of 18583 and two efforts during the day to cross 18603 were failed sensex closed marginally higher took intraday support at 18303 where we suggested support at 18273 so even in a dull and range bound market both levels worked.
18583 should be a difficult ask for sensex today and a close below 18303 and then 18058 is an absolute must to end this small corrective rally.
Nifty:
We suggested 55567 as an important resistance and nifty high was 5563 our down side support level was 5473 and nifty low was 5477.
We categorically suggested a few days back that this market is going to be range bound for 10-12 days and it has behaved in the same manner.
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