NIFTY TODAY
Bulls were in
relaxing mood. Nifty declined on Thursday, halting a seven-day long winning streak, as
market across the world fell after US Federal Reserve hinted more rate hikes
ahead. Nifty closed above 10,950 level. At the close the Sensex was down 52
points at 36431, while Nifty was down 15 points at 10951.
NIFTY TOMORROW
We reiterate our
bullish view on markets and suggest keeping “buy on dips” approach in Nifty
future till it holds above 10950. Nifty future has already surged yet
to a new high now with daily trends also turning positive. The support for the
Friday is seen at 10900/10850 while resistance is seen at 11000/11100.
Resistance: 11000, 11100, 11200
Support: 10900, 10850, 10800
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