Indian
market has outperformed in spite of the correction in global markets due to the
Greece issue.After a day
of volatility, the market finally ended with a bang. The Sensex closed up 135
points at 27780, and the Nifty was up 50 points at 8368. Indian markets had
traded flat for the most part of the session before rising in late trade on
hopes of a Greece deal. In a volatile session, the 30-share index, which swung
between gains and losses, finally settled higher by 135 points, at 27780. Intra-day, it shuttled between 27814 and 27570. Nifty, after moving both ways,
ended higher by 50 points, at 8368.
For near
term, 8440 can act as good resistance level, if any breakout can witness
massive rally upto 8600. Apart from this, Index is likely to form an “Inverted
Head and Shoulder” pattern on daily chart, which is bullish in nature. So,
every dip should be considered as buying opportunity for the near term.
More about intraday tips on Google +
RESISTANCE: 8400, 8450, 8500
SUPPORT:
8350, 8300, 8250
No comments:
Post a Comment