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NIFTY TODAY
Bulls run continued in Tuesday’s trade. The Sensex
closed 297 points up at 35162. The
nifty future has crossed the hurdle of 10555 & made a high of 10599 &
finally closed at 10587 up by 69 points. Investors
shifted their focus to September quarter earnings season from global trade and
geopolitical tensions. Also, recovery in global equities also helped lift
market sentiment.
INFOSYS Q2 EARNINGS
Country's second largest
software services company Infosys has reported 13.8 percent sequential growth
in second quarter consolidated profit at Rs 4,110 crore. Consolidated revenue
grew by 7.7 percent to Rs 20,609 crore compared to Rs 19,128 crore in previous
quarter.
NIFTY TOMORROW
Levels around the 10625-10655
zone may now provide tough resistance to the index, while the 10500 level is
likely to act as a strong support. The index has broadly negated the
formation of lower highs and lower lows of last six weeks and closed above
multiple hurdles in the 10475 -10555 zone. The index needs to hold above 10575
to witness an upward move towards the 10655 mark. Downside support has shifted
higher to 10525 level from 10450.
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Resistance: 10625,
10675
Support: 10525,
10475
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