Bulls are back on the driver seat & took
nifty to 10700 mark. The Sensex and Nifty gained nearly 1% today after the
Reserve Bank of India’s monetary policy decision has decided to increase key
interest rates by 25 basis points to 6.25%. All the six members of RBI’s
monetary policy meeting have voted in favour of a rate hike, while maintaining
a neutral stance. Meanwhile in global markets, stocks in Europe and Asia were
mixed as tech-inspired rally in global stocks is waning. The Sensex closed
higher by 275 points, to 35178, while the Nifty rose 91 points to close at
10684.
The 10750 and 10800 levels may act as
immediate resistance levels for Nifty, while supports may come in at 10600 and
10550 levels.
More about intraday tips on Google +
More about intraday tips on Google +
Resistance: 10750, 10800, 10850
Support: 10600, 10550, 10500
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