Market is in
consolidation phase. Lackluster trading day end on positive note with nifty inched
toward 9800 mark. On Tuesday the Sensex closed up 33 points at 31291, while the
Nifty future ended higher by 25 points at 9794. Nifty future opened at
9810 made a high of 9837 & low of 9769. Market was trading range bound as
investors looked for major triggers. Geopolitical tensions and Infosys crisis
already priced in.
Wednesday’s (23 Aug 2017) session will remain an acid test for the Nifty. The Nifty has closed just near
9800 mark I.e. 9794. The 9800 mark will remain crucial to watch out for. It
would be important for the market to trade above the 9800 level, failing which
we will see more weakness creep in. The 9850 and 9880 levels will act as
immediate resistance for Nifty while supports will come in at 9750 and 9700
levels.
More about intraday tips on Google +
Resistance: 9850, 9880,
9900
Support: 9750,
9720, 9680
hello..
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