Equity market ended an
action-packed day in the positive territory on Friday, though the benchmark
indices trimmed most of their gains towards the end of the session. The last hour selling wiped
out most of intraday gains of the benchmark indices on November 15 with Nifty
managed to close near 11,900 level. At close, the Sensex was up 70 points at
40,356 while Nifty was up 23 points at 11,895. We may notice the bulls ruling the market in coming trading session .Shares of telecom companies - Vodafone Idea and Bharti Airtel surged amid hopes that the government would step in to help the ailing sector, a day after the two companies reported a combined loss of Rs 74,000 crore and warned their ability to operate and make profits would depend on relief from the country.SBI, Bharti
Airtel, HDFC Bank, Reliance Industries (RIL), and Sun Pharma contributed the
most to the index's gains while ITC, TCS and Maruti were the top drags. In the
broader market, the S&P BSE MidCap index ended at 14,773 levels, up 93
points while the S&P BSE SmallCap index slipped 17 points to end at 13,326.
Resistance: 11950, 12100,
12200
Support: 11900,
11850, 11800
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