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The Sensex surged over 250 points due to short-covering by speculators ahead of January monthly derivatives contract expiry due tomorrow. The Sensex ended higher by 258 points at 27375 and the Nifty closed up 84 points at 8475.
Nifty may open flat tomorrow. Hourly
Technical chart shows Nifty is in over sold zone and showing upward movement.
Daily technical chart or EOD chart shows negative sidewise and range
movement for tomorrow. Nifty may face resistance near 8500 and may try to
cross it. Closing above 8475, next level is 8555. Weekly chart showing bullish
trend. Tomorrow is F&O expiry so we are expecting a volatile trading
session. Watch out Nifty carefully tomorrow & also on Friday for pre budget
rally indication. The Sensex surged over 250 points due to short-covering by speculators ahead of January monthly derivatives contract expiry due tomorrow. The Sensex ended higher by 258 points at 27375 and the Nifty closed up 84 points at 8475.
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Support: 8485, 8362
Resistance: 8500, 8555
nice blog..
ReplyDeleteEQUITY CASH CALLS
just wanted to stop by and say good work...keep it up
ReplyDeleteany pre budget suggestion???
ReplyDeleteplz read our 25 jan post.or for live market calls fill up the form given to ur right side.
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