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Nifty relaxed throughout the day as it seems that it has achieved target to sustain above 9100. Now an alarm in required to wake up nifty & take any direction. Market was in exhale mode today as the Sensex lost over 130 points to reverse two days of climb and the Nifty got
off the record after an eventful last week amid mixed global cues. The Sensex moved in a narrow band and closed at 29518, down 130 points. It shuttled between 29482 and 29699. The Nifty gained 225 points, to finish at a new closing peak of 9160.
The markets may not see a decline, but they may remain flat for the coming few days. Nifty may touch 9185-9125 points once IT & banking sector's downside is over. Next resistance is at 9225-9250.On downside first support is at 9100-9050 level.
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Supports: 9100 and 9050
Resistances: 9185 and 9250
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