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On account of positive global cues, the Indian indices ended in the green zone after the closing bell. The Sensex scaled 35,000 levels and sustained above it by closing at 35414 i.e. 503 points above yesterday's closing. The Nifty went up 159 points and closed at 10471 levels while the Bank Nifty index regained 22000 levels after closing at 22264 levels.
Market is overall bullish and we can see it hitting 10500 to 10600 levels soon. Banking stocks are gaining momentum and they are expected to perform well as the BankNifty will also soon showcase 22400 to 22600 levels. verall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 10261 and then 10211 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 10145.
On account of positive global cues, the Indian indices ended in the green zone after the closing bell. The Sensex scaled 35,000 levels and sustained above it by closing at 35414 i.e. 503 points above yesterday's closing. The Nifty went up 159 points and closed at 10471 levels while the Bank Nifty index regained 22000 levels after closing at 22264 levels.
Market is overall bullish and we can see it hitting 10500 to 10600 levels soon. Banking stocks are gaining momentum and they are expected to perform well as the BankNifty will also soon showcase 22400 to 22600 levels. verall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 10261 and then 10211 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 10145.
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9039542248
Resistance: 10536,
10601, 10718
Support: 10353,
10235, 10170
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