21 November 2014


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Bulls are back in action. Nifty went up by 75 points to close at fresh high of 8477. Beating its earlier record high of 8430. Nifty started at 8408 made a high of 8489 and low of 8398 and closed at 8477 total 91 points was moved by nifty throughout the day.
The mood was positive across global markets after US shares provided another record-breaking lead yesterday. Expectations that government will come out with more reforms in Winter session of Parliament also influenced sentiments, brokers said, adding that speedy cabinet approvals for development of infrastructure gave a boost. Now next level to watch will be 8500 if this hurdle will crossed by nifty then we will see another 100-200 point’s movement in nifty in the upcoming sessions. By the year end nifty will cross 8800 level. For Monday 8550 will act as highest resistance level while 8380 will act as most supporting level for nifty.
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RESISTANCE: 8500, 8550, 8600
SUPPORT:  8450, 8400, 8350

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