BUY NIFTY 11800 CALL @ 40 TGT 60/80
Bulls are back in action
& took nifty above 11800 mark but closed at 11796. Market sentiments were lifted by gains in
heavyweights like Reliance Industries and HDFC. At close, the Sensex
was up 311 points at 39434, while Nifty was up 96 points 11796.
The index formed a bullish candle on the
daily scale and needs to hold above 11800 to extend gains towards 11900 , and
then 12000 zone. Overall setup and momentum is positive and a hold of
recent zones could extend rally, while support exists at 11750 and then 11700
levels. It has been making higher top and higher bottom formation and
supports are gradually shifting higher with medium term support at 11600.
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Resistance: 11900, 12000
Support: 11700, 11600
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