GET LIVE CALL PUT TIPS ON WHATSAPP PING ME ON 9039542248
Indian markets
started on a positive note despite mixed Asian market cues which traded
lackluster as investor’s eye U.S. jobs data. During the afternoon trading
session markets added to the gains on the back of sustained buying activities
by traders. Adding to the already positive sentiments a private report penning
that the ongoing economic recovery will quickly take India above the
pre-pandemic levels in most sectors of the economy, adding that the improved
health of the Indian financial sector is also a positive factor for economic
growth. Investors also cheered with RBI’s statement that India's holding of
IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is
equivalent to USD 19.41 billion. The Sensex ended up 514 points at 57852, while
Nifty settled at 17234 above 158 points,
The market
witnessed the continuation of a positive trend, after sustaining above the
level of 17200. If the market sustains above the level of 17225-17250, it is
expected that the market to gain momentum, leading to an upside projection till
17300-17350 level. The momentum indicators like RSI and MACD to stay
positive and market breadth to improve, further strengthening a short-term
bullish outlook.
More about intraday tips Whatsapp On
9039542248
Resistance: 17250, 17300, 17350
Support: 17200, 17150, 17100
No comments:
Post a Comment