Nifty jumped after government bond prices surged after the RBI sold the Rs 20000-crore worth of debt on offer, accomplishing the country's biggest-ever auction and also based on international cues.
Shorterm Term
Nifty took very good support at 6600 as stated in yesterdays comment, had made huge rally of 104 points even though it has good resistance at 6770 it closed above this level and It need to close above this level for one more day for it to move to 6900 and 7000 levels, but on the other side Nifty trades below 6660 levels we could see 6550 and 6460 levels. The upward trend is still intact and is desalinated to move above 7000 atleast by mid of next month.
Intraday Levels
We are going to see flat opening, if Nifty can trade above 6795 we could see 6810 and 6825 and below 6770 for 15 minutes we could see 6755 and 6740.
Top pics for the day are Arvind, Apollotyre,TCS,ICICI Bank, Hero Motors,SKSMicro,Tata Global and JublFood for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm Term
Nifty took very good support at 6600 as stated in yesterdays comment, had made huge rally of 104 points even though it has good resistance at 6770 it closed above this level and It need to close above this level for one more day for it to move to 6900 and 7000 levels, but on the other side Nifty trades below 6660 levels we could see 6550 and 6460 levels. The upward trend is still intact and is desalinated to move above 7000 atleast by mid of next month.
Intraday Levels
We are going to see flat opening, if Nifty can trade above 6795 we could see 6810 and 6825 and below 6770 for 15 minutes we could see 6755 and 6740.
Top pics for the day are Arvind, Apollotyre,TCS,ICICI Bank, Hero Motors,SKSMicro,Tata Global and JublFood for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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