Sep 17, 2010
On the daily charts, we are observing a pattern that resembles a “Shooting Star” which indicates a possibility of a consolidation or a correction of previous rise. The high 19636 / 5902 of the “Shooting Star” would now be the resistance for the indices. Any move beyond these levels would negate the implication of the said pattern and could test 19800 / 5950 levels. On the downside, if the indices trade convincingly below19383 / 5815 level then it may test 19240 – 19100 / 5780 -5737 levels,” said Angel Broking note.
At 12:10 pm, Bombay Stock Exchange’s Sensex was at 19605.13, up 187.64 points or 0.97 per cent. The 30-share index hit intraday high of 19639.18 and low of 19436.70.
National Stock Exchange’s Nifty was at 5884.60, up 55.90 points or 0.96 per cent. The index touched a high of 5898.40 and low of 5828.70 in trade so far.
BSE Midcap Index was up 1.20 per cent and BSE Small cap Index moved 1.18 per cent higher.
