9 March 2017

"YESTERDAY’S BANKNIFTY FUTURE CALL ROCKS ALMOST ACHIVED 1ST TGT MADE A HIGH OF 20864.30 HOPE U HAVE BOOKED HUGE PROFITS ALMOST 200 POINTS COVERED." 
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 Today market closed flat after volatility, especially ahead of outcome of exit polls of assembly elections in five states due later today. The Sensex and Nifty ended little changed on Thursday after two consecutive sessions of declines, as sentiment remained subdued ahead of the results of state elections, including that of Uttar Pradesh. Exit polls are due out around 5.30 pm local time (1200 GMT), and have often been wrong in the past, but any clear trend showing Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in front could trigger buying by investors. Actual results will be announced on Saturday, and will help to shape the next two years of Modi's government as it heads for the 2019 general election. A BJP win could take the market very close to the new high. The Nifty closed up 2 points at 8927, while the sensex ended 27 points higher at 28929.
Tomorrow on Friday another gap up opening could well be likely! We are likely to see further upward movement in the tomorrow’s session. However, the range between 8950 and 9000 would emerge as a strong supply zone, once if these levels will cross 9020 will be the next target for bulls. At the other side if down trend will take place then 8900 will act as highest supporting level for Nifty.
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RESISTANCE: 8955, 9000, 9020
SUPPORT:  8900, 8870, 8850

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