A strong
volatile trading session ended on negative note. Nifty witnessed strong
volatility as the August series F&O contracts expired on Thursday. The nifty
opened negative, drifted towards the 10920 level and then recovered to 11020
mark. Eventually, the bounce got sold into and finally the index closed with
the around 100 points cut at 10948.
Nifty has been falling
since last session after it failed to surpass the 11142 mark. But supports
remained intact in the lower zone near 10875 and 10,835 levels. Now it has to
cross and hold above 11000 to witness an upward move towards 11100 and then
11150 levels, while on the downside supports are seen at 10850.
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Resistance: 11100, 11150
Support: 10875, 10835
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