1 August 2017

ROCKING PROFIT IN HDIL & HINDALCO

LAST POST CALLS UPDATE

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On Tuesday Flat trading session witnessed due to ongoing RBI’s policy meet which may bring a see-saw move in the markets. Nifty 50 is trading range bound whereas Sensex is trying its level best to trade in positive territory. Nifty Bank is trading weak, slipping over 69 points at 25033 level. Market started range-bound due to weak manufacturing data and caution ahead of the RBI monetary policy tomorrow. Meanwhile, a good set of monthly sales numbers for auto and Q1 results for blue-chips drove the broad indices into top gear. The Sensex ended the day at 32575, up 60 points while Nifty closed at 10114, up 38 points. Nifty Bank gained 0.08 % to end at 25122.
Technically the trend is still up and some more sideways action is still not ruled out as long as 9950 holds. The crucial support for the Nifty is at 9950 and the resistance is at 10055-10095. On the other hand, Bank Nifty has support at 24800 and resistance at 25500.
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Supports: 9950 and 9900
Resistances: 10055 and 10095

1 comment:

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