BANKNIFTY 30000 PUT
ACHIVED 1ST TGT 140 BUY GIVEN @ 111
LT 1420 CALL CONTINUE TO
HOLD
"BUY NIITTECH 1400 CALL ABOVE 24 TGT 29/33"
Market ended higher for
fourth consecutive day on April 2 with Nifty finished above 11700 level. The
Sensex and Nifty were trading higher in afternoon trade today buoyed by
positive movement in global markets on strong growth in China factory activity
for the first time in four months in March. The Sensex closed 184 points higher
at 39056, Nifty rose 44 points to 11713 level.
It seems
that markets are enjoying their merry days and are in no hurry to
provide a much awaited correction. For the coming session, immediate resistance
would be seen at 11800-11900 and a sustainable move beyond this would extend
this rally towards 12000. On the flip side, 11650-11600 are likely to act as
strong support levels unless
this zone is violated decisively, the bulls need not worry.
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Resistance: 11800, 11900,
12000
Support: 11650,
11600, 11500
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