Bulls are showing fatigue with not ruling out a good corrective move after crossing the hurdle of 10700. Market now awaits the Fed meet outcome. On Thursday nifty future has opened at 10720 made a high of 10738 and low of 10665 and finally closed above 10700 at 10706 level. Total 73 points nifty future has moved in intraday."BUY MANAPURAM FINANCE 135 CALL @ 3 TGT 4.5/6.4 SL 1.4""SELL HEXAWARE FUTURE BELOW 434 TGT 431.50/428.50 SL 439"
As of now, no major technical breakdowns are visible on the lower timeframe charts, and hence, the Nifty future may witness rangebound movement between 10795 and 10650 levels before witnessing a directional move. The support for the Friday is seen at 10650 while resistance is seen at 10775.
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Supports: 10650, 10600
Resistances: 10775, 10850
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