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The Sensex and Nifty ended marginally higher due to
short-covering by participants ahead of September month F&O expiry
tomorrow. Short-covering of positions speculators buying stocks that have been
sold short to steer clear of losses in view of tomorrow’s September monthly
derivatives contract expiry buoyed the sentiment. The Sensex ended with a gain
of 69 points at 28293. The Sensex opened at 28199 touched an intra-day high of
28379 and low of 28193. The Nifty closed with a gain of 39 points at 8745.
The Nifty opened at 8711 hitting a high of 8767 and low of 8703.
Investors are anxiously awaiting the
monetary policy review on October 4, the first to be held under RBI Governor Urjit
Patel and the first to be decided by a six-member panel.
Buy on
dips the contract can then extend its rally and test resistances at 8790 and 8825
levels in the near term. On the downside, a decisive fall below key support at 8700
is needed to alter the bullish momentum and drag the contract down to 8680 and
then to 8650 levels.
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Supports: 8700 and 8650
Resistances: 8790 and 8850
How to Get free nifty calls from you...I mean is there any procedure???
ReplyDeleteSir to get calls please fill up the form given to ur right side. or call on 08982086510
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