WEEKLY
RESISTANCE FOR NIFTY: 10509,10659,10736,10813
PIVOT
POINT: 10359
WEEKLY
SUPPORT FOR NIFTY : 10282,10205,10055,9905
WEEKLY CHART FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 10326, 10393,10440,10488
PIVOT
POINT:10491
DAILY
SUPPORT FOR NIFTY : 10211,10164,10098,10030
DAILY CHART FOR NIFTY
Sensex opened the week at 33364, made
a high of 33964, low of 32595 and closed the
week at 33940. Thus it closed the week with a gain of 478 points.
At the same time the Nifty opened the week at 10263, made a high
of 10501, low of 10074 and closed the week
at 10493. Thus the Nifty closed the week with a gain of 160 points.
The boost received after the BJP win in Gujarat along with strong global
markets, propelled the indices to register new life-high levels. After
oscillating in a broad band of roughly 500 points for more than 7 weeks, Nifty
has finally managed a breakout on Friday and brought Christmas cheer to the
market. Stock indices on Friday closed on a higher note ahead of Christmas
as benchmarks Sensex and Nifty rallied to all-time peaks, with IT, technology
and capital goods leading the gain. While the Sensex inched near 34,000, the
Nifty ended slightly short of 10,500. In intraday, both scaled life highs.