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A lackluster trading session on flat note ahead of
the F& O July expiry amid mixed quarterly earnings. On Wednesday The
Sensex, which hit its fresh all-time high of 36947 in early trade, closed 33
points, up at 36858, Nifty future has opened at 11158 made a high of 11170
and low of 11118 & finally closed at 11136, total 52 points nifty future has moved in intraday.
While
maintaining a positive bias for Thursday’s
trade, we see the market approaching its previous lifetime high level of
11,170, where it is likely to witness some consolidation once again. The
structure of the market remains very much intact and we will see it attempting
to mark fresh highs in coming days. However, some resistance at the previous
high may not be ruled out. Thursday is likely to the levels of 11200 and
11225 acting as immediate resistance area for the Nifty. Supports may come in
at 11100 and 11050 zones.
More about intraday tips on Google +
More about intraday tips on Google +
Resistance: 11200, 11225, 11250
Support: 11100, 11050, 11000
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