"BUY VEDL 150 CALL @ 2.3 TGT 3.3/4.3"
Bulls made a strong comeback
in the market & crossed 12000 mark. The Sensex ended 169 points, higher at 40581.Similarly;
the Nifty settled 61 points, higher at 11971. Domestic investors were following
cues from global markets which advanced on the US Federal Reserve's dovish
outlook. The Federal Reserve policy changed the market sentiments. The
Federal Reserve made no change in interest rates in an effort to maintain the
economic growth. Investors are also awaiting factory output data scheduled to
be released later in the day.
For the coming session, immediate resistance would be seen at 12025-12075 and a sustainable move beyond this would extend this rally towards 12100. On the flipside, 11930-11900 are likely to act as strong support levels unless this zone is violated decisively, the bulls need not worry.
For the coming session, immediate resistance would be seen at 12025-12075 and a sustainable move beyond this would extend this rally towards 12100. On the flipside, 11930-11900 are likely to act as strong support levels unless this zone is violated decisively, the bulls need not worry.
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Resistance: 12025, 12050,
12075
Support: 11930,
11900, 11870
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