Market ended
on bearish note Selling pressure on the market kept the market weak through the
day however indices managed to hold on to psychological marks, due to a late
rally. Markets opened on a negative note on the back of weak Asian cues
due to yet another missile test by North Korea. The Sensex closed down 189
points at 31702, while the Nifty future was down 87 points at 9919.
Short-term
outlook for the market remains positive till Nifty future trades above 9900
levels. The Nifty closed above its crucial resistance level of 9900. According
to Pivot charts, the key support level for Nifty is placed at 9850, followed by
9830. If the index starts to move higher then key resistance levels to watch
out are 9985, followed by 10050.
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Resistance: 9985, 10030,
10050
Support: 9850,
9830, 9800
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