"HEXAWARE FUTURE ALMOST ACHIEVED FINAL TGT MADE A HIGH OF 408.50"
Market
closed higher for fifth consecutive session on Wednesday. The Sensex was up 60
points at 33940 and Nifty rose 15 points to 10417. Bank Nifty too closed 128 points or 0.51% lower at 25,098 level. The Sensex resumed higher and advanced to
33981, but soon slipped on profit-taking to touch a low of 33750, before
settling up 60 points, at 33940. The gauge had gained 861 points in the
previous four sessions. The nifty, after moving between 10428 and 10355 on
alternate bouts of selling and buying, finally concluded at 10417, up 15 points.
Investors are focusing on key
macroeconomic data, including retail inflation and industrial production
numbers due on Thursday and corporate results starting Friday. The bulls seems a bit tired and does not have the similar sort of
strength we saw in last couple of weeks. This is quite evident as it has
entered a strong resistance zone of 10450 - 10500. For the coming session, 10375
would now be seen as a key support for the Nifty. A sustainable slide below
this would apply brakes on the recent relief rally.
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Resistance: 10500, 10550
Support: 10375, 10275,
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