Market eked out modest gains today as banking and IT stocks
recovered from recent falls & ended the day on a positive note. The Sensex
was up 85 points at 29422, while the Nifty was up 32 points at 9136. The
Bank Nifty closed lower by 0.30 percent at 21491.
Primary resistance
would now be at 9155-9185 zone. If the uptrend persists, short-term targets
will be in the 9200 zone. Obviously every trend following system would
recommend staying long. In technical terms, all trends (short/ medium-term and
long-term) seem strongly bullish despite the probability of a further
short-term correction on profit-booking.
More about intraday tips on Google +
Resistance: 9155, 9175, 9200
Support: 9100, 9075, 9050
No comments:
Post a Comment