IDFCBANK
65 CALL GIVEN ON 16 JAN POST, YESTERDAY WE HAVE ASKED TO HOLD IT & TODAY IT HAS ACHIEVED THE TGT
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The Indian stock market was trading in green on Wednesday
on uptick corporate earnings, ahead of quarterly results from major banks.
The Sensex ended the day at 27257, up 21 points while the broader Nifty50
settled the day above its 8400-mark, gaining 19 points. Axis Bank and
Yes Bank are scheduled to report earnings on Thursday. The government's
annual budget is due on February 1 and investors hope for incentives to support
an economy hit by cash shortages after a ban on higher-value banknotes. Going
forward, market maybe expecting things to be relatively better or at least
expects no major negative surprises in numbers especially in relation to the
larger financials who are index heavyweights.
We had talked of 8460 as the resistance for the Nifty,
likewise, it hit the 8460 mark and then took a u-turn. 8400 will still act as
an immediate support for now.
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about intraday tips on Google +
Resistance: 8460, 8485,
8525
Support: 8400,
8350, 8300
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