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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