Bulls continued to march upwards on Thursday with the sensex rising over 200 points amid gains in financial stocks. The Nifty closed at 13740, while the Sensex ended 0.48% higher at 46,890. At its session high, the Sensex was about seven points shy of crossing the 47000 level for the first time. Both the indexes have posted six consecutive weekly gains, boosted by record
inflows from foreign institutional investors, progress on Covid-19 vaccines globally and signs of a nascent economic recovery in the country. On the upside we expect Nifty to face resistance at 13850-13900 levels and above that to 13500 -13300. Overall, we continue to remain bullish, minor intermediate corrections.More
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Resistance: 13800,
13900, 14000
Support: 13500,
13400, 13300
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