21 October 2015


Sensex rises 115 points, Nifty eyed 8300. The Sensex rose 114 points to 27421 and the Nifty advanced 26 points to 8288. The market recouped previous day's losses to trade marginally higher. Nifty climbed 22 points to 8283. Nifty ends at 8260,nifty in the second half likely to be in the range of 13-15 percent up from the 12-14 percent reported in first half.
European equities opened flat but quickly turned lower as investors look ahead to a meeting of the European Central Bank (ECB) on Thursday and digest a slew of mixed earning. The Shanghai market tends to be volatile anyway, but the recent news on gross domestic product (GDP) numbers has certainly impacted confidence even though they are above the official projection of 6.8-6.9 percent, they still are below the magic number of 7 percent, that is sort of a psychological impact on a lot of people minds. China posted its worst one-day performance in five weeks after being hit by a sudden bout of selling in small-caps in the afternoon session. Following support and resistance for Friday (22 Oct' 15) trading sessions.
Tomorrow on Thursday 22 Oct 2015 market will closed on accounts of Dussehra
RESISTANCE; 8300, 8370, 8450
SUPPORT; 8210, 8150, 8100

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