NIFTY VIEW:
Market participants made merry on the exchanges as the Nifty surpassed the psychological 10750 mark comfortably and sustained above it for most of the session after a positive handover from the global markets.We expect the current positive momentum to continue in today’s session as well and anticipate the Indian markets to move in tandem with the global markets which are also scaling newer highs on a regular basis. Therefore going into today’s trade, the index is likely to retain the positive setup and continue to inch higher towards the zone around 10780-10800 which is likely to be the immediate hurdle for the index, crossing which 10850-10880 could also be tested. On the other hand, immediate supports for the Nifty can be seen around 10700- 10680 below which 10640-10620 will be the next levels to watch out for.
Market participants made merry on the exchanges as the Nifty surpassed the psychological 10750 mark comfortably and sustained above it for most of the session after a positive handover from the global markets.We expect the current positive momentum to continue in today’s session as well and anticipate the Indian markets to move in tandem with the global markets which are also scaling newer highs on a regular basis. Therefore going into today’s trade, the index is likely to retain the positive setup and continue to inch higher towards the zone around 10780-10800 which is likely to be the immediate hurdle for the index, crossing which 10850-10880 could also be tested. On the other hand, immediate supports for the Nifty can be seen around 10700- 10680 below which 10640-10620 will be the next levels to watch out for.
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