"BUY HDIL FUTURE ABVE 61.8 TG 62.9/64.5 SL 60.4"
The Sensex and the Nifty surged nearly one per cent, posting their highest close in two weeks, on the back of positive IIP and inflation numbers for July and as investors shrugged off weak Chinese data and uncertainty whether the US Federal Reserve would hike rates later this week. The Sensex ended higher by 246 points at 25856 and the Nifty ended up by 82 points at 7872.
For nifty 7820 is the
immediate resistance, 7835 is an important hurdle which must be decisively
crossed for any meaningful rally from here. It must close above 7850 for fresh
momentum. 7870, 7890, 7910 are important supports but 7770-7750 is the critical
support at this juncture. It must sustain decisively above this level on
declines to signal halt in selling. A close below 7720 may lead to fresh panic
selling.The Sensex and the Nifty surged nearly one per cent, posting their highest close in two weeks, on the back of positive IIP and inflation numbers for July and as investors shrugged off weak Chinese data and uncertainty whether the US Federal Reserve would hike rates later this week. The Sensex ended higher by 246 points at 25856 and the Nifty ended up by 82 points at 7872.
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RESISTANCE:
7830, 7890, 7950
SUPPORT:
7770, 7710, 7650
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