28th Nov - Analysis
Indian Stock Market to open gap positive with 20-50 points for Nifty in new series and on a sharp fall of Crude oil. Today, Indian Stock Market may see record highs again.
We can see sharp positive movements in BankNifty and Oil Marketing companies like HPCL, BPCL, etc. Reliance and Cairn India would see some weakening pressure.
Favourably, We have seen good buying both among FIIs and DIIs on Thursday. FIIs were net buyers of Rs.389.73 crores and DIIs were net buyers of Rs.336.85 crores on Thursday, which is an another good reason to go long today.
Nifty would see strong support at 8450-8420-8400 levels whereas strong resistance would be seen at 8520-8550-8617 levels.
NSE Nifty: (8494) The support for the Nifty is at 8450-8420-8400 and the resistance to the up move is at 8520-8550-8617 levels.
NSE BankNifty: (18022) The support for the BankNifty is at 17920-17890-17740 and the resistance to the up move is at 18130-18260-18350 levels.
BSE Sensex: (28439) The support for the Sensex is at 28300-28230-28120 and the resistance to the up move is at 28540-28660-28720 levels.
Indian Stock Market to open gap positive with 20-50 points for Nifty in new series and on a sharp fall of Crude oil. Today, Indian Stock Market may see record highs again.
We can see sharp positive movements in BankNifty and Oil Marketing companies like HPCL, BPCL, etc. Reliance and Cairn India would see some weakening pressure.
Favourably, We have seen good buying both among FIIs and DIIs on Thursday. FIIs were net buyers of Rs.389.73 crores and DIIs were net buyers of Rs.336.85 crores on Thursday, which is an another good reason to go long today.
Nifty would see strong support at 8450-8420-8400 levels whereas strong resistance would be seen at 8520-8550-8617 levels.
NSE Nifty: (8494) The support for the Nifty is at 8450-8420-8400 and the resistance to the up move is at 8520-8550-8617 levels.
NSE BankNifty: (18022) The support for the BankNifty is at 17920-17890-17740 and the resistance to the up move is at 18130-18260-18350 levels.
BSE Sensex: (28439) The support for the Sensex is at 28300-28230-28120 and the resistance to the up move is at 28540-28660-28720 levels.