Nifty: (5409)

Sensex: (17998)

27.8. 10

We said ‘Technically the targets are achieved and there is no sign of weakness as yet. There exists a strong support at 5460 and we are now into F&O expiry week and if the market does proceed higher then 5600 could be a strong resistance to deal with’

The market saw the high of the week at 5550 and creating a double top and cracking the crucial support of 5560 only on the last day of the week and closing in the red but managing to close above the 5400 mark

Technically any up move that we may get now would be a good selling opportunity and 5460 a strong resistance to deal with and 5350 would be a very crucial support to deal with

The crucial support for the Nifty is 5350 and strong resistance at 5500

The support for the Sensex is at 17840 and strong resistance at 18300

From a trading point of view I would continue to book profits on the way up