10 July 2017


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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