The markets may rise this week. Profit booking and end account consideration for the November expiry will dictate the trend. It may be mentioned that we are now at similar levels to the October expiry, when on the last day the Sensex was at 9044 and the Nifty was at 2697.
Sensex has support at around 8315 to 8350 levels. Further down, support exists at 7697 the previous low and then finally at around 7225 levels.
MindTree: Buy at...
Immediate resistance exists at 9435-9450 and then at 9980 with the previous week's top of 10570 acting as a final resistance. The Nifty has resistances at the 2831-2850 levels, 2920 level and finally at 3150-317
Text & Images: Business Line