Bulls & bears were on roller-coaster ride
today. It is weak closing for the nifty on Wednesday after erased all its
morning gains in the later part of the day. The Sensex was down 100 points at
38132, while Nifty was down 38 points at 11445. Index came even as the market
latched on to Prime Minister Narendra Modi's address to the nation.
We continue with our optimistic stance and sooner or later, expect the index to head towards its record high. For the coming session, 11550 followed by 11650 has become a sturdy wall now and on the flipside, we do not expect the Nifty to breach and sustain below the sacrosanct level of 11400.
We continue with our optimistic stance and sooner or later, expect the index to head towards its record high. For the coming session, 11550 followed by 11650 has become a sturdy wall now and on the flipside, we do not expect the Nifty to breach and sustain below the sacrosanct level of 11400.
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Resistance: 11550, 11600,
11650
Support: 11400,
11350, 11300
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