Market began
the Diwali week on a bullish note and ended Monday’s session at record high
levels supported by stable global cues and sustained domestic fund buying.
Better-than-expected macroeconomic data boosted investors' sentiment, which
helped nifty future to touch a record high today. The Sensex closed up 200
points at 32633, while the Nifty future ended higher by 62 points at
10255. Nifty future has opened at 10220 made a high of 10260 & low of
10197, total 63 points nifty future moved in intraday.
It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. For the coming session, immediate resistance would be seen at 10300-1350 and a sustainable move beyond this would extend this rally. On the flipside, 10150-10100 are likely to act as strong support levels. Being a Diwali week, we expect some kind of consolidation in the market.
It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. For the coming session, immediate resistance would be seen at 10300-1350 and a sustainable move beyond this would extend this rally. On the flipside, 10150-10100 are likely to act as strong support levels. Being a Diwali week, we expect some kind of consolidation in the market.
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Resistance: 10280, 10300,
10320
Support: 10200,
10150, 10100
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