12th June

BSE - Sensex opened with a gap of around 30 points at 4075.32, touched intra-day high of 4089.12 and began falling. The first trading session concluded indicating weakness. On the second trading day Sensex took a lower top and lower bottom but closed very strongly at 4066.82 showing Bull's power in the Markets. So, Wednesday showed the Weekly Top of 4121.74 and from there the Sensex began moving Southwards. The Market, still being news-base(Kargil Factor), have been forming 'Knee-jerk' patterns. This week the BSE-Sensex fell by around 150 points from the top to touch the weekly bottom of 3969.36 which is the weekly closing also.

The weekly charts of BSE-Sensing are include more towards weakness than strength on the lower side the first support level for the BSE-Sensex comes at 3910. In case the Bears succeed in breaching this level then the next support for the Sensex exist at 3870. For Bulls, the first level of resistance comes at 4030. On crossing it over successfully, they face resistance at 4065 and 4125.