BSE SENSEX (18,394.29)

The SENSEX opened the session on a negative note remained in the negative territory throughout the trading session.
Selling pressure increased as the session progressed and the index registered a low of 18366 levels.

The SENSEX finally closed the session at the 18394.29 levels with a cut of 101.33 points.

Although the index closed with loss of 100 points the overall market breadth remained flat as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Healthcare Index was the biggest loser amongst the sectoral indices as it closed the session with a loss of 1%. The Bank index also closed with a cut of 1%. The FMCG and consumer durables indices closed the session with smart gains.

The SENSEX witnessed a pullback from the 18500 levels during yesterday’s session. The index is still trading in a broad range of 18000—18700 levels and is likely to remain within this range, until it breaks above the 18700 levels and registers a close above the same during the upcoming sessions.
Pullbacks from current levels will find good support between the 18000—18200 levels. On the upside, the 18600—18750 levels would be the stiff resistance zone for the SENSEX.

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Today’s supports for the SENSEX are placed at the 18150 and 18250 levels whereas resistances are placed at the 18550 and 18650 level