As per the expectations, the markets traded very well today and gained quite significantly. Both benchmark indices closed with more than 3% gains. All sectorial indices traded in green and closed positive. The Nifty settled around 4690, up by near about 147 points, where as sensex closed around 15680, up by near about 508 points from their prevoius close.
Nifty is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 4725 else below the support level of 4610 it would be in a downward trend.
Resistance: 4725 - 4850.
Support: 4610 - 4530.
Bank Nifty is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 8250 else below the support level of 7930 it would be in a downward trend.
Resistance: 8250 - 8690.
Support: 7930 - 7750.
Nifty is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 4725 else below the support level of 4610 it would be in a downward trend.
Resistance: 4725 - 4850.
Support: 4610 - 4530.
Bank Nifty is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 8250 else below the support level of 7930 it would be in a downward trend.
Resistance: 8250 - 8690.
Support: 7930 - 7750.
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