Sensex outlook Nov, Dec 2011

Tough international political, financial problems prevailed above the Sensex over the last 3 months resulting in severe volatility....

Dull period ahead of the year end.... hence, expect the following... Support levels 16500, 15750; Resistance 18200, 18900;

Avoid trading in huge positions in Futures... Indian trading mood is bit if low key due to low IIPs, bad corporate governance news like Kingfisher airlines, inflation and higher interest rates. Currency volatility would impact the profit margins over this quarter too.