NIFTY TODAY
The benchmark
indices settled over 2 per cent higher on Monday, as investors lauded a
solid set of September-quarter earnings in large-cap companies such as ICICI
Bank and Dr. Reddy’s Laboratories. In a strong rebound for market today, the
Sensex and Nifty staged a smart recovery to rise over 2 percent each in
afternoon trade. While the Sensex rose 718 points to 34067, the Nifty gained 220 points
to 10250.
NIFTY TOMORROW
Nifty has reached closer to the
immediate and crucial hurdle of 10350, and a decisive breakout will
trigger fresh surge ahead. We suggest maintaining positive yet cautious
approach in the nifty future, considering the mixed sentiment. Traders should
focus more on the money management aspects and avoid taking unnecessary risk. The 10400 and 10450 levels
may act as immediate resistance levels for Nifty, while supports may come in at
10200 and 10100
levels.
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Resistance: 10350, 10400
Support: 10200, 10100
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