Tuesday, 21 February 2017

NIFTY CLOSED AT HIGHEST LEVEL SINCE SEPTEMBER 2016

Sensex rallied as much as 140 points while the Nifty reclaimed its 8,900 levels for the first time since September 8, 2016. The Sensex settled the day at 28,761, up 100 points, while the Nifty ended at 8,908, up 29 points. Indian Stock Market would open flat. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into positive zone. Some profit booking can be seen due to F&O Expiry but every dip would be an opportunity for traders to go long in the market. Now, market is headed towards new 52 week highs. Traders should go long at every dip in the market until it holds 8770 levels for Nifty and 20456 levels for BankNifty. FIIs were net sellers of Rs.433.38 crores whereas DIIs were net buyers of Rs.827.90 crores in cash market for last trading session. Nifty would see strong support at 8825-8800-8780-8770 whereas strong resistance would be seen at 8925-8955-8970-9000 levels.


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