"BUY YESBANK FUTURE ABOVE 1458 TG 1469/1484 SL 1447""SELL HINDALCO FUTURE BELOW 183 TG 181.2/177.4 SL 186"
The week has started on positive note. Today market showed a range-bound movement wit positive bias as investors are awaiting CPI inflation data today. The Sensex inched up by 17 points to close at 28351, while the Nifty went past the 8800 level. The Index slipped to touch a low of 28197
before settling 17 points, higher at 28351. The Nifty too settled 11 points higher at 8805 after
shuttling between 8826 and 8754 level. Due to a slowdown in demand on account of demonetization, the CPI inflation is likely to moderate further and it will not
create much impact on RBI to change their current neutral stance. Focus will be
on earnings and a revival in demand with realization growth.
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Resistance: 8845, 8875, 8915
Support: 8750, 8720, 8685
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