The markets traded choppy as they continued to move up. At current levels the volatility is expected to remain high as the move in the indices looks stretched. Yesterday the indices have made indecisive patterns. Therefore today we need to watch the high and low levels of yesterday as trend deciders for the day. Watch 17308 as a support for the Sensex and 5225 for the Nifty. On the higher side watch 17504 as a resistance for the Sensex and 5289 for the Nifty. The markets are expected to remain quiet for the day......

Jeera Feb’12, futures prices moved up by 200 rupees to close at Rs 16240 levels. Entry was not initated but moved on the higher side. It has moved up to trade on the symmetrical triangle to signal upside movement. Market has moved up to confirm symmetrical triangle breakout to suggest prices to trade higher. Now it will take support at Rs 16090 levels and breach of this level could test next support of Rs 15931 levels. On the higher side resistance is at Rs 16410 levels and next resistance is at Rs 16595 levels. Pepper Feb’12, futures price remained unchanged, at the end of the session it ...........