After
consolidation, the Nifty settled at record closing high on expiry day Thursday,
backed by banking & financials on hopes of NPA resolution. The Nifty closed
up 30 points at 9173 while the Sensex gained 115 points at 29647.
On the upside, 9200 through 9225 would be the first
supply zone to watch out for—once this range is taken out we can expect another
dash at the 9250 or higher levels. Further up, resistance is likely to be felt
between 9275 and 9300. On the other hand, if it were to go down below 9200 and
sustain there it is likely to get good support between 9175 and 9150.
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Resistance: 9200, 9225, 9250
Support: 9150, 9125, 9100
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