Lot of volatility was witnessed on the 2nd day Sep F&O expiry
week. What a comeback for the bulls after days of relentless correction &
credit goes to all financial stocks. The Sensex ended over 350 points higher,
while the Nifty ended above 11,000-mark as well. The Sensex closed 347 points, up at 36652, and the Nifty 50 rose 90
points, to close at 11057.
Going
into trade on Wednesday, though we expect a quiet start, we expect the
follow-through rally to continue with the levels of 100-DMA acting as important
support. The levels of 11150 and 11250 will act as immediate resistance
levels for the market. Supports come in at 10900 and 10800 zones.
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Resistance: 11150, 11200, 11250
Support: 10900, 10850, 10800
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