The market after positive opening yesterday continued to move up wards as the session progressed on sustained buying in index heavy weight stocks led by Reliance ahead of Q1 results. Oil & Gas, financial, auto stocks among others closed higher on buying support. The Sensex closed the day at 28504 up by 322 points after making a high of 28546 while the Nifty ended at 8633 up by 104 points. The market breadth remained strong as 1737 shares advanced while 1024 declined. Readers are advised to trade with caution.
NIFTY FUTURE (Last close 8648.40)
The counter after positive opening yesterday continued to move up wards as the session progressed shrugging off weak global cues hitting day’s high of 8664 in closing hours and finally ended the session gaining over 100 points. The counter to retain its up move needs to trade and remain above 8665.75 whereby it may move up to 8681/8700. Strong support for the counter exists at 8631.25 which if breached decisively with volumes then it may slide to 8603/8581.
The counter after positive opening yesterday continued to move up wards as the session progressed shrugging off weak global cues hitting day’s high of 8664 in closing hours and finally ended the session gaining over 100 points. The counter to retain its up move needs to trade and remain above 8665.75 whereby it may move up to 8681/8700. Strong support for the counter exists at 8631.25 which if breached decisively with volumes then it may slide to 8603/8581.
BANK NIFTY FUTURE (Last close 19056.80)
The counter after weak opening yesterday made recovery in early morning trades and surged higher and continued to rise as the session progressed to hit day’s high of 19114 in late afternoon trades. The counter finally closed gaining 291 points. The counter to retain its up move needs to trade and remain above 19106.75 whereby it may move up to 19158/19190. Strong support for the counter exists at 19003.25 which if breached decisively with volumes then it may slide to 18938/18869.
The counter after weak opening yesterday made recovery in early morning trades and surged higher and continued to rise as the session progressed to hit day’s high of 19114 in late afternoon trades. The counter finally closed gaining 291 points. The counter to retain its up move needs to trade and remain above 19106.75 whereby it may move up to 19158/19190. Strong support for the counter exists at 19003.25 which if breached decisively with volumes then it may slide to 18938/18869.
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