Market ended the session in the green continuing the positive momentum built up in the previous trading session. The Sensex ended 160 points up to 34101. The Nifty gained 41 points at 10458 & banknifty ended at 25184 ahead of macro data due later in the day and Infosys earnings tomorrow on April 13, 2018."BUY TCS 3200 CALL @ 40 TGT 64/89"
"BUY MARUTI 9200 PUT @ 120 TGT 144/169 SL 64"
Nifty facing resistance around 1500 is intact. Hence, it may continue facing resistance around 10500-10550. However, considering the broader chart pattern we still prefer Buy-on-dips around critical supports. Downside critical support is placed around 10375 and 10325. The Bank Nifty Fut may see buying on dips around dual support zone of 25800-25700 and likely to move upward towards 25,300 and 25,400. On a similar note, intraday trend is expected to remain positive and the broader trading band is expected to be 24800 to 25400.
Resistance: 10475, 10500,
10525
Support: 10375,
10350, 10325
No comments:
Post a Comment