"BUY IDFCBANK FUTURE ABOVE
61.50 TGT 61.90/62.40 SL 60.90"
"SELL TATASTEEL FUTURE BELOW
487 TGT 484/479 SL 491"
Market
entirely recovered previous day’s losses. it sustained optimism at the day’s close.
Markets surged in the morning hours and then consolidated throughout the day
with minor upside moves. The Nifty Index reclaimed its 9200-mark by late
morning trade backed by ITC, Infosys, ICICI Bank and HDFC. Nifty and
Sensex closed at 9236 and 29788 gaining 55 and 212 points respectively from the
previous close.
Nifty has managed to close above the
9200 level but the movement was only on 55 points. So for any uptrend 9255 will
be the resistance. For making new high nifty have to pass out 9300 resistance
level after that 9335 & 9370 will be the target for nifty, whereas 9175
will be the best supporting level. For any correction nifty have to crack 9150
level, once 9150 will break 9100 would be the target for nifty.
Supports: 9175, 9150, 9100
Resistances: 9255, 9275, 9335
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