Market Overview
Nifty support closed at 10,348.75 up +6.45 points from
previous close of 10,342.30 day range 10,307.30 – 10,374.30. Infosys, Sun Pharma,
Reliance, Eicher Motors, Tech Mahindra, HCL Tech and HPCL are among the top
gainers in Nifty in the today. Whereas Dr Reddys Labs, Adani Ports, Indiabulls
Hsg, Bajaj Auto, GAIL and Asian Paints are losing steam on NSE.
There are 869 advances, against 746 declines, 57 remained
unchanged, out of 1,672 stocks traded on the NSE today.
Key Support & Resistance Level for Nifty:
The Nifty closed at 10,348.75 today. According to Pivot charts,
the key support level is placed at 10,312.60 followed by 10,276.45. If the
index starts to move higher, key resistance levels to watch out are 10,379.60
and 10,410.43
Key Support & Resistance Level for Bank
Nifty:
The Bank Nifty closed at 25,736.25 today. Important Pivot level,
which will act as crucial support for the index, is placed at 25,625.28
followed by 25,514.32 on the upside, key resistance level is 25,842.88 followed
by 26,949.52.
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