Positive Trend in the Market!!!! Bulls tightened their grip on the
market with major indices sensex & nifty ending at all time closing high
backed by surge in technology, telecom and realty stocks. The Sensex ended over
31700 for the first time ever, while the nifty ended at 9771. Nifty inched
towards 9800 level. The startling spike in the markets is mainly on the back of
global cues with most of the European markets opening on a strong positive note
for the day.
The Sensex was up 355 points up at 31715. The markets saw another major
happening when trading was halted in the NSE Exchange. Due to technical reasons
in the cash market, trading was stopped from 9.55 AM to 12.30 PM in cash and
F&O (futures and options) segment of the NSE. We expect the positive
consolidation to continue in the markets. The 9800 and 9825 levels
should act as immediate resistance for the Nifty, while supports come in at
9700 and 9650 levels.
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Resistance: 9800, 9825,
9850
Support: 9700,
9675, 9650
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