Bulls took the
charge on dalal street & took nifty successfully above 10400 mark. It was
all guns blazing by the bulls today. Markets surged more than 1 per cent on
Wednesday after he rupee showed some recovery against the US dollar and the
banking stocks improved. Non-banking financial companies saw some boost with
the State Bank of India (SBI) raising target for its buying loan portfolio.
At the close of market hours, the Sensex closed up
461 points or at 34760, while the Nifty rose 159 points at 10460.
The index needs to hold above 10450 to extend its bounce towards 10500 and then 10600 and 10,650 levels. On the downside, the 10350 level may act as an immediate support.
The index needs to hold above 10450 to extend its bounce towards 10500 and then 10600 and 10,650 levels. On the downside, the 10350 level may act as an immediate support.
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Resistance: 10500, 10600
Support: 10350, 10250
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