Yesterday the Sensex has closed higher by 213 points at 31497 and the Nifty closed higher by 71 points at 9859. The Sensex ended higher by over 200 points on Tuesday due to sustained buying by DIIs ahead of RBI monetary policy review. The central bank’s two-day monetary policy review had begun from Tuesday and the decision is due today 4 Oct 2017.
For today Short-term traders can make use of bounces to go short at 9890 Stop-loss can be placed at 9910 for the target of 9860/9830. The downside pressure will ease only if the nifty future manages to break 9910 decisively. one may expect the targets of 9930/9960 in the stock if it manages to sustain above level of 9900. The support for the Nifty is 9820-9800-9780-9750-9730 and the resistance to the up move is at 9900-9920-9945-9955-9965 levels.
For today Short-term traders can make use of bounces to go short at 9890 Stop-loss can be placed at 9910 for the target of 9860/9830. The downside pressure will ease only if the nifty future manages to break 9910 decisively. one may expect the targets of 9930/9960 in the stock if it manages to sustain above level of 9900. The support for the Nifty is 9820-9800-9780-9750-9730 and the resistance to the up move is at 9900-9920-9945-9955-9965 levels.
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