"NIFTY FUTURE CALL GIVEN ON 6 SEP ACHIEVED 1ST TGT "
A flat week has ended on
flat note with positive bias. L&T, HDFC Bank and ITC helped the market
close higher but Infosys and HDFC capped upside. Markets are trading in
slightly positive territory paring losses as it nears to the closing hours of
Friday’s intraday trade. Broader market indices continue to trade mixed wherein
BSE Midcap is trading in negative territory and BSE Small cap index is trading
in positive territory. The BSE Sensex ended higher at 31687, while the Nifty
closed up to 9934.
Nifty future still
continues to trade comfortably in the upward rising channel where it has been
trading over the past couple of months. There is no structural trigger that
points towards any major movement on either side. The 10025 and 10055
levels will play out as likely resistance on Tuesday. Supports should come in
at 9885 and 9855 levels.
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Resistance: 9995, 10025,
10055
Support: 9885,
9855, 9825
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