Showing posts with label nifty levels. Show all posts
Showing posts with label nifty levels. Show all posts

Wednesday, July 15, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 16 JULY 2020

Bulls are back in action & took nifty above 10800 mark. Risk appetite was boosted after Moderna Inc's experimental vaccine for coronavirus showed it was safe and provoked immune responses in all 45 healthy volunteers in an ongoing early-stage study. expectation of  stimulus from the governments also boosted the market sentiments. The Sensex closed 18 points higher at 36051 while the Nifty settled 10 points higher at 10618.

Wednesday, June 24, 2020

NIFY OUTLOOK & OPTION CALL PUT TIPS FOR 25 JUNE 2020

Bears griped the market is the last hour of trades on Wednesday & closed the day below 10500 mark. Traders turned cautious in domestic market amid weakness in Asian indices including Nikkie, Hong Kong and Nifty. Sensex closed 561 points lower at 34868 and Nifty fell 165 points lower to 10305. Earlier at opening bell, Sensex rose 250 points higher at 35679 and Nifty climbed 58 points higher at 10529.  With immediate effect from date of President's nod on the ordinance, cooperative banks will come under the RBI supervision now. As a result, Nifty Bank slips 900 points; down over 4% .India's economy is likely to shrink by 5.3% this fiscal, the lowest GDP growth in the Indian history and the sixth instance of economic contraction. The disorder caused by the COVID-19 pandemic unfolded with such a speed and scale that the disruption in production, breakdown of supply chains/trade channels and total wash out of activities in aviation (some activities have started now), tourism, hotels and hospitality sectors will not allow the economic activity to return to normalcy throughout FY21. As a result, besides contracting for the whole year, GDP will contract in each quarter in FY21 (April 2020 to March 2021). However, the GDP growth would bounce back in the range of 5-6% in FY22 (April 2021 to March 2022), aided by base effect and return of gradual normalcy in the domestic as well as global economy. India's gross domestic product (GDP) will contract 5.3% in FY21. This will be the lowest GDP growth in the Indian history (Indian GDP data is available from FY51) and sixth instance of economic contraction, others being in FY58, FY66, FY67, FY73 and FY80; the previous low was negative 5.2% in FY80.

Saturday, June 13, 2020

NIFTY WEEKLY REPORT & VIEW FOR NEXT WEEK 15 JUNE TO 19 JUNE 2020

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WEEKLY RESISTANCE FOR NIFTY: 10000, 10200,10500
PIVOT POINT: 9900
WEEKLY SUPPORT FOR NIFTY:  9800, 9600, 9400
WEEKLY CHART FOR NIFTY






















DAILY RESISTANCE FOR NIFTY: 10000, 10100, 10200
PIVOT POINT: 9950
DAILY SUPPORT FOR NIFTY:  9900, 9800, 9700
DAILY CHART FOR NIFTY





Nifty opened with a gap up on Monday in line with strong global cues, but failed to surpass its crucial hurdle at 10,333 level. It consolidated in the initial hour of trade, but gradually drifted towards the 10,150 level in the latter part of the day.  Tuesday’s session once again saw Nifty start near the 100-DMA, which currently stands at 10276. After testing the day’s high near 10,291, Nifty came off over 250 points from the high point of the day. While showing no intention to recover, the headline index ended near the low with a net loss of 120 points. Wednesday market ended in the positive territory, supported by last-minute buying in counters such as Reliance Industries (RIL), HDFC, TCS, ICICI Bank, and IndusInd Bank. Nifty ended at 10,116, up 69 points . Thursday market had opened higher, shrugging off worries over the US Federal Reserve's grim outlook for a speedy economic recovery. However, the opening gains were soon erased as fears of a second wave of coronavirus and the Supreme Court's (SC) observations in the adjusted gross revenue (AGR) case weighed on market movers. the Sensex fell 708 points, to 33538, Nifty settled 214 points lower at 9902. Friday Indian markets made a dramatic intra-day comeback to end higher. The Sensex closed 242 points higher at 33780 after being down about 1200 points at day's low. A positive start in European markets, coupled with strong gains in index heavyweight Reliance Industries, powered the recovery. Dow futures were up about 600 points. The broader Nifty today settled 0.7% higher at 9972, recovering from day's low of 9544.

Thursday, June 4, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 5 JUNE 2020

A volatile trading session ended lower. The indices were trading with over half a per cent cut in Thursday's session ahead of the index F&O weekly expiry. Market broke the 6-day winning momentum and ended lower in the volatile trade on June 4 with Nifty able to close above 10000 mark. At close, the Sensex was down 128 points at 33980, while Nifty was down 32 points at 10029.

Tuesday, June 2, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 3 JUNE 2020

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DLF 155 CALL BOOK PROFIT NEAR 10.4 BUY GIVEN @ 5
DLF 135 PUT BOOK @ 2 BUY GIVEN @ 4 
PROFIT FROM CALL 17490
LOSS FROM PUT 6930
NET PROFIT 10560
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Bulls continued to rule the street. Nifty was just kissing distance away from 10000 mark. The Sensex advanced 522 points to close at 33825. Nifty climbed 153 points to end 9979.  Strong global cues and reassurance by Prime Minister Narendra Modi, in an address to India Inc at the CII's 125th annual session, that India will return to growth, also boosted the market sentiment.

Thursday, May 14, 2020

Nirmala Sitharaman’s Stimulus Failed To Lure Stock Market

FM Nirmala Sitharaman’s stimulus failed to impress stock market , package had more to do with fixing supply-side issues than catering to demand-side issues. The FM announced Rs 3 lakh crore collateral-free loans and 50000 crore equity infusion in MSMEs; Rs 90,000 crore liquidity infusion in discoms and 50000 crore relief on TDS and TCS among others. Market participant do not expect the Rs 6 lakh crore announcements to give any boost to the economy in the short term. market was a bit disappointed because the immediate spend out of the big fiscal stimulus is relatively small and there could be doubts on whether economic growth will revive soon and in proportion to the large number of the stimulus. Indian markets opened on a negative note following overnight negative close in US markets as US Fed warned that the coronavirus crisis raises longer-term growth concerns and could result in an extended period of low productivity growth and stagnant incomes. During the afternoon session the markets further weakened as truncated WPI data further added to pessimism which showed deflation in primary articles to 0.79% in April-20 as against inflation of 3.72% in March-20; food inflation cooled to 3.60% in April-20 from 5.49% in March-20. T he benchmark indices wiped out all the previous session gains with Nifty ended below 9150 level on May 14 on the back of profit booking amid weak global cues. At close, the Sensex was down 885 points at 31122, and the Nifty was down 240 points at 9142.

Monday, May 11, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 12 MAY 2020

A rangeboound trading session, in continuation of a prevailing consolidation phase ended on flat note. The nifty opened with strong gains, following supportive global cues but the pressure in the index majors mainly from the banking space erased all the gains by the end. However, rebound in the auto and IT majors capped the downside. The Sensex erases entire gains, ends 81 points lower while Nifty slips below 9250 mark & closed at 9239 , after making intraday high of 9439 & low of 9219.

Thursday, May 7, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 8 MAY 2020

The Sensex and Nifty resumed decline after a say's breather in the previous session and ended on a weak note amid rising coronavirus cases in the country. The Sensex fell as much as 323 points and the Nifty slumped below important psychological level of 9200. The Sensex ended 242 points lower at 31443 and Nifty declined 56 points to close at 9215. India reported 3561 new cases of coronavirus in the last 24 hours, taking the total to 52952, government data shows. The highly infectious virus has claimed 89 lives during the same period.

Wednesday, April 1, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 3 APRIL 2020

The see-saw battle between the bears and the bulls continued on Dalal Street with the former dominating Wednesday’s session amid a rise in coronavirus cases in India. Worries surrounding a sharp drop in GDP growth rate also hit investor sentiment on Dalal Street. India has reported a sharp rise in new coronavirus cases in the last couple of days, indicating a community transmission. The country has reported nearly 1,400 confirmed cases of Covid-19 including 35 deaths and 123 discharged patients. The Sensex tanked 1203 points to 28265 & Nifty dropped 344 points to 8254.

Friday, March 27, 2020

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 30 MARCH 3 APRIL TO 2020

WEEKLY RESISTANCE FOR NIFTY: 9200, 9500,10000
PIVOT POINT: 8500
WEEKLY SUPPORT FOR NIFTY:  8300, 8100, 7800
WEEKLY CHART FOR NIFTY



















DAILY RESISTANCE FOR NIFTY: 8900, 9000, 9100
PIVOT POINT: 8550
DAILY SUPPORT FOR NIFTY:  8300, 8200, 8100
DAILY CHART FOR NIFTY
This is clearly one of the worst phases the whole world is undergoing at present. Not only in terms of financials or economies but also in terms of health crisis. This uncertainty due to coronavirus pandemic is weighing down heavily on markets across the globe and it was yet another day of carnage for Indian markets. We opened the week significantly lower and after initial trades locked into a lower circuit for the second time in last 7 sessions. Unlike the previous circuit day, yesterday we didn’t even see a mild recovery; in fact the selling augmented to conclude yet another terrible day with a cut of 13%. Worldwide the trading screen was positive early in the morning on Tuesday  after US FED announced some measures to support the US economy in such difficult times. Hence, we had a good bump up at the opening after Monday’s mayhem. But surprisingly, we lost all the sheen in initial trades to slide tad below Monday’s low. Finally after an hour, market stabilised and started moving. Despite US markets posting a colossal overnight rally, we started the wednesday marginally in the red, which was mainly a hangover of PM Modi’s announcement on country lockdown for 21 days. After initial hiccups, we finally joined hands with our global peers and a strong buying across the board thereafter pushed Nifty significantly higher to reclaim the 8300 mark. Wednesday’s colossal rally was followed by a positive start for the thursday, despite some sluggishness in the global peers. After some initial consolidation, our markets picked up strong momentum to post positive close for the third consecutive day. Despite some intraday declines, the Nifty managed to add yet another three percent gains to Wednesday’s relief move and concluded the terrifying March series with nearly 15% recovery from lows.
NIFTY: A STRONG SUPPORT WILL BE @ 9500; STRONG RESISTANCE LEVEL SEEN @7500
Let see how things shape up on the global front now. If we see the relief move getting extended in global markets, we would see some extension of this week move in our markets. For the coming session, 8000-7500 remains to be a key support; whereas on the higher side, 9000-9500 is the level to watch out for. If Nifty has to continue some relief move, the Nifty needs to surpass this hurdle convincingly to head towards 10000.
TECHNICALLY SPEAKING.
Since Tuesday morning, almost all world markets were looking jubilant and despite we closing in the green, the reaction from our markets is not as similar as the rest of the world. Nevertheless, we have managed to defend 7500 and have shown some signs of relief on tuesday. markets are hinting towards a possible rebound and it was very much overdue also after recent relentless fall. All markets across the globe were deeply oversold and hence, a decent bounce back was on cards. For the day, we were observing 8000 as a crucial hurdle. The moment index surpassed and stayed for few minutes, we saw strong bout of short covering thereafter to head towards the mentioned zone of 8200 - 8400. Now market has given the most awaited rebound, but traders should not get carried away by this. It may extend further also, but the uncertainty with respect to coronavirus is still looming over. Till the time it does not subside considerably, we should avoid aggressive bets in the market. At present, it’s advisable to take one step at a time and momentum traders should look to book profits on a regular basis. Nifty precisely met the levels of 8200-8400-8600 one after another. Now technically speaking, the Nifty has displayed first sign of strength i.e. a convincing close above ‘5 day EMA’ after a month. In addition, the ‘RSI-Smoothened’ on daily chart has confirmed a positive crossover in deep oversold territory. Considering all this, we may see this up move getting extended from hereon. Going by technical observations if Nifty manages to stay beyond 8700- 8800 levels then we may see extension of the rally towards 9500-10000. Obviously we need not forget that current situation is different due to pandemic across the globe and hence, a possibility of whipsaws cannot be rules out. If above mentioned technical set up has to work well, things with respect to coronavirus should not aggravate in coming days.



Friday, March 20, 2020

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 23 MARCH TO 27 MARCH 2020


WEEKLY RESISTANCE FOR NIFTY: 9200, 9500,10000
 PIVOT POINT: 8500
WEEKLY SUPPORT FOR NIFTY:  8300, 8100, 7800
WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 8900, 9000, 9100
PIVOT POINT: 8550
DAILY SUPPORT FOR NIFTY:  8300, 8200, 8100
DAILY CHART FOR NIFTY

Whatever we have witnessed over the past few days, it’s clearly once in a lifetime phenomenon. Market has taught everyone, we should never underestimate the ‘Uncertainty’. Every day, market is bleeding as if there is no tomorrow; because people are clue less and don’t know how and when we are going to come out of this. After Friday’s recovery, many must have thought the short term bottom is made but this hope did not last too long. Within three subsequent sessions, Friday’s low was not only tested but also broken quite convincingly. The indices started the week with a huge gap down opening and resumed the downtrend to end with a cut of over 7%. Looking at the positive U.S. Futures market, our markets started trading marginally positive on Tuesday. However, post consolidating in a range, the broader markets again witnessed selling pressure in the later half and ended the session with a cut of two and a half percent. Wednesday our markets kept sinking throughout the day to conclude below 8500 with yet another severe cut of over 5%.  The indices again started trading for the day with a significant gap down opening of about 500 points in Thursday session to breach the 8000 mark. The index remained under pressure till noon but then a sudden bout of recovery in the later half led to an up move and the index recovered all the losses to trade with gains of about 100 points. However, we again saw some selling pressure in the last half an hour to end this volatile day with a loss of over 200 points at 8263. On account of strong global cues Post-Wall Street rebound, the Indian Indices surged around 5.75 per cent on World Happiness Day. The Sensex shot up 1627 points and closed at 29915 levels while Nifty soared 482 points and closed at 8745 levels. This rise in the Indian indices was mainly due to the fresh buying in energy, oil and gas and metal stocks.

Monday, March 9, 2020

Wednesday, December 18, 2019

NIFTY PREDICTION & OPTION CALLS FOR 19 DEC 2019


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New day new high..!!! Market breaks all the record in Tuesday’s session ahead of the crucial GST Council meeting. The Sensex gained rose 206 points to close at 41558. The Nifty gained 56 points to close at 12221. The market hit record high on the expectations of measures from the Centre to support the economy. Metals & IT stocks traded higher on hopes that easing trade tensions could ensure global growth and increase the order intakes. With the budget around the corner, the government is planning to steer the ship by bringing measures to boost consumption. 

Wednesday, November 20, 2019

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Bulls continued to rule the D-street. Market indices ended higher but off day's high with Nifty ended around 12000 level, while Sensex off its record high. At the time of closing, the Sensex was up 181 points at 40651, while Nifty was up 59 points at 11999. The Sensex touched a fresh record high of 40816 during the day.

Thursday, November 22, 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 26 NOV TO 30 NOV 2018

WEEKLY RESISTANCE FOR NIFTY: 10600, 10700, 10800
 PIVOT POINT: 10500
WEEKLY SUPPORT FOR NIFTY:  10400, 10300, 10200
WEEKLY CHART FOR NIFTY




















WEEKLY RESISTANCE FOR NIFTY: 10600, 10700, 10800
 PIVOT POINT: 10500
WEEKLY SUPPORT FOR NIFTY:  10400, 10300, 10200
WEEKLY CHART FOR NIFTY
It has been a roller coaster ride for investors as back-to-back sell-off is seen in Indian markets has put bears on the driving seat. It’s a negative end for the nifty for this week as tomorrow is a trading holiday on account of Guru Nanak Jayanti. The Nifty has given up 10,550-mark. Weak global cues, as well as fall in crude oil price which is taken as a synonym for a slowdown in global growth, weighed on sentiment. Nifty closed the week at 10527.  We had a gap up opening to begin the trading for the week. On Monday the global set up was just perfect for such kind of head start. Subsequently, index saw some profit booking in the initial trade to fill the complete gap. However, post some consolidation, strong buying emerged at lower levels which continued till the last minute of the trade. As a result, the index went on to gain three fourth of a percent to conclude the session tad above the 10750 mark. On Tuesday, clearly the global bourses spoiled the party for our markets. After Monday’s encouraging close, we had a gap down opening on the back of massive sell off seen in all major global indices. To worsen this, our markets corrected sharply post the mid-session to pare down all Monday’s gains and in fact more than that to conclude the session with a cut of a percent. On Wednesday, the massacre in the global equities hinted for a gap down opening in our markets, however, the positive aspect of falling crude prices restricted to a flat opening. The index then witnessed an open high kind of scenario and immediately slipped lower to mark intraday low of 10562. Subsequently, the second half was slightly encouraging as the Asian cues recovered from lows our markets too witnessed cushion at the lower level to erase some loss from intraday lows and eventually ended tad at 10600 levels with a loss of around half a percent.
NIFTY: A STRONG SUPPORT WILL BE @ 10350; STRONG RESISTANCE LEVEL SEEN @10750
According to Pivot charts, the key support level is placed at 10475, followed by 10375. Nifty forms a bearish belt hold pattern. The index took support at its, 20-EMA placed at 10500, and 10400 respectively.. If the index starts moving upwards, key resistance levels to watch out are 10700 and then 10800. Nifty may witness some consolidation before resuming its uptrend towards 10900-11000 levels. On the downside, immediate support is seen at 10500-10530 levels. The consistent sell-off amid volatility indicated that cautious approach would be prudent strategy now.

Saturday, October 6, 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 8 OCT TO 12 OCT 2018

Unchanged repo rate totally vanished the presence of bulls in the market. Bears may pull down nifty till 10,000 in the coming week. 
WEEKLY RESISTANCE FOR NIFTY:10500,10700,10900
 PIVOT POINT: 10200
WEEKLY SUPPORT FOR NIFTY :  10000,9800,9600
WEEKLY CHART FOR NIFTY












DAILY RESISTANCE FOR NIFTY: 10350,10450,10550
PIVOT POINT:10200
DAILY SUPPORT FOR NIFTY :  10100,10000,9900
DAILY CHART FOR NIFTY


Domestic equity market witnessed a sudden selling pressure after the Reserve Bank of India kept rate unchanged at 6.50 %.  The index settled the day 792 points, lower at 34377. Its counterpart Nifty ended at 10316, down 282 points. On Friday Monetary Policy Committee (MPC) today decided to keep the policy rate unchanged. This was a positive surprise for the markets with the consensus expectation being a hike of 25 bps. RBI policy announcement of keeping rates unchanged is a surprise; this may lead to a negative impact especially the currency market. 
Trading for the week began slightly lower as indicated by the SGX Nifty. Subsequently, in the initial hours, we did see some attempts to recover from early morning lows. However, a strong bout of selling dragged the index significantly lower and within no time, index corrected towards 10800. Things looked extremely bleak at one point; but fortunately, our markets attracted enormous buying interest at lower levels and throughout the second half, there was broad-based rally seen to reclaim the 11000 mark. On Monday nifty future closed at 11061. On Tuesday market was closed on accounts of Gandhi Jayanti.  There is no respite for our markets as Monday’s recovery did not last long. On Wednesday, market opened slightly lower and then traded in a range throughout the first half. There were a couple of attempts made to bounce back from lower levels but all eventually got sold into. In fact, the selling aggravated towards the fag end of the day to conclude the day with a massive cut of 1.5% from the previous close. Wednesday nifty future closed at 10893. On Thursday gap down opening was very much in-line with what SGX Nifty was suggesting early in the morning. However, things worsened as the day progressed and in the course of action, the Nifty corrected more than 300 points on an intraday basis. There were couple of attempts made to see some respite but all got sold into as the selling pressure was quite fierce at higher levels. In terms of index, Thursday was a terrible day for our benchmarks as it was the biggest single day loss (on closing basis) in the recent past, nifty future closed the day at 10631.  
NIFTY: A STRONG SUPPORT WILL BE @ 10100; STRONG RESISTANCE LEVEL SEEN @10500

Monday, March 26, 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 27-03-18

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Expiry week kicked on robust note and gained more than a 1%. Thesensex & nifty trimmed morning lossses to end sharply higher after reports suggested that the United States and China have quietly started negotiations to improve US access to Chinese markets, thereby easing fears of a trade war between the two economic giants.  Bargain hunting combined with short covering helped the index move higher. Market closed sharply higher as the Sensex was up 469 points at 33066 and the Nifty gained 132 points at 10130.

Tuesday, March 20, 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 21 MARCH 2018


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Snapping its five-session losing spree, The Sensex closed Tuesday's session in the green on gains in metal, pharma, IT, auto and PSU bank stocks.  Nifty fluctuated before finishing modestly higher on Tuesday as traders covered short positions after recent string of losses. The Sensex rose 73 points t to 32996 while the Nifty index ended up 30 points at 10124. Underlying sentiment remained somewhat cautious as investors weighed prospects of a 25 basis point hike in interest rate by the U.S. Federal Reserve this week.

Friday, March 9, 2018

NIFTY WEEKLY PREDICTION FOR NEXT WEEK 12 MARCH TO 16 MAR 2018

WEEKLY RESISTANCE FOR NIFTY: 10401,10560,10701,10842
PIVOT POINT: 10278
WEEKLY SUPPORT FOR NIFTY :  10119,10057,9996,9855
WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 10281,10344,10451,10558
PIVOT POINT:10237
DAILY SUPPORT FOR NIFTY :  10174,10130,10023,9916
DAILY CHART FOR NIFTY

Sensex opened the week at 33820, made a high of 33957, low of 33065 and closed the week at 33307. Thus the Sensex closed the week with a loss of 261 points. At the same time, the Nifty opened the week at 10369, made a high of 10437low of 10155 and closed the week at 10218. Thus the Nifty closed the week with a loss of 224 points.  Sensex and nifty ended largely flat on Friday taking cues from their Asian counterparts.Market opened gap up but could not sustain the rally. Within few minutes bears have attacked the bulls and market turned negative.Among Sectoral indices, the Nifty PSU Bank index ended 1.81% lower led by a fall in the shares of Canara Bank, IDBI Bank and Oriental Bank of Commerce. 

Thursday, February 8, 2018

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 9 FEB 2018

The market logged a strong recovery today with gains of nearly 1% each, ending the seven-day losing streak since the Modi government presented its last full year Budget last Thursday before it goes to Lok Sabha polls in 2019. Markets were buoyed as brighter corporate earnings improved sentiment. While Sensex rose 330 points to 34413 level, Nifty staged a 100 point recovery from Wednesday's lows. The key indices started on a positive note in early trade and held on to their gains throughout the day, recording 552 points  and 161 points gains intraday, respectively compared to yesterday's close.