Tug of war between bulls & bears, finally bulls won.
On Thursday market closed volatile session on bullish note as the Sensex
rallied 193 points to 33246 while nifty closed 70 points up at 10285 ahead of
Gujarat exit polls later in the evening that usually indicate the likely winner
ahead of official results. Prime Minister Narendra Modi's government is
hoping a big win in the state would bolster the ruling Bharatiya Janata Party's
electoral prospects ahead of general elections in 2019. European stocks were
slightly lower as investors reacted to the US Federal Reserve's decision to
raise interest rates. Nifty future has opened at 10259 made a high of 10296 and
low 10163.
Tomorrow on Friday market continues to be bullish. Going forward, we expect the index to eventually move higher towards 10500 level in coming session. The Nifty has strong support near 10150 and 10100 levels and on the higher side, immediate resistance is coming near 10350.
Tomorrow on Friday market continues to be bullish. Going forward, we expect the index to eventually move higher towards 10500 level in coming session. The Nifty has strong support near 10150 and 10100 levels and on the higher side, immediate resistance is coming near 10350.
WEEKLY
RESISTANCE FOR NIFTY: 10350, 10370, 10400
PIVOT POINT: 10275
WEEKLY
SUPPORT FOR NIFTY: 10200, 10150, 10100
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