WEEKLY
RESISTANCE FOR NIFTY: 9889, 9956, 9991, 10026
PIVOT
POINT: 9822
WEEKLY
SUPPORT FOR NIFTY : 9787,9752,9685,9618
WEEKLY CHAT FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 9905, 9920, 9938,9962
PIVOT
POINT: 9889
DAILY
SUPPORT FOR NIFTY : 9880,9871,9856,9840
DAILY CHART FOR NIFTY
Sensex opened
the week at 32111, made a high of 32124, low of 31716 and
closed the week at 32022. Thus the Sensex
closed the week with gain of22 points.At the same time the Nifty opened the
week at 9926, made a high of 9942 low of 9832and closed the week
at 9911. Thus the Nifty closed the
week with gain of8points.Indices ended higher after Reliance Industries
rallied nearly 4%. Earlier in the day, RIL chairman Mukesh Ambani,
announced a 1:1 bonus issue at the company's 40th annual general meeting (AGM)
in Mumbai.
Go
long AT every decline with SL at 9,830
A key intraday
support is at 9,850. The contract will come under pressure only if it breaks
below this support. Such a break can take it lower to 9,830 and 9,790.But as
long as the contract manages to sustain above 9,900, there is a strong
likelihood of it seeing a fresh rally to 9,930 and 9,970.Short-term traders can
go long at every dip with Stop-loss can be placed at 9,830 for the target of
9,930/9970.