Thursday, 14 December 2017

MARKET EYED GUJARAT EXIT POLL

EXPECTING GOOD VOLATILITY IN TOMORROW TRADING SESSION DUE TO GUJRAT EXIT POLLS.. TO GET LIVE CALLS PLEASE FILL YOUR NAME & MOBILE NO. HERE >>>
The Sensex ended the session higher by nearly 200 points on fag-end buying as investors turned their attention toward exit poll results for Gujarat Assembly elections. The Sensex bounced back in the last one hour of the session to hit a high of 33321 before closing up 193 points at 33246. The gauge had lost 402 points in the previous two sessions due to grim economic data and the lowering of economic growth forecast by the Asian Development Bank. Similarly, in a range-bound movement, the Nifty settled higher by 59 points at 10252. Intra-day, it shuttled between 10276 and 10141. Strengthening of rupee against the dollar also supported the domestic sentiment. Among BSE sectoral indices, oil & gas index gained the most by 0.99 %, followed by FMCG 0.69 %, banking 0.67 % and healthcare 0.63 %. On the other hand, consumer durables index was down 0.61 %, infrastructure 0.11 %, and IT 0.04 %.
Top five Sensex gainers were Dr Reddy's (+2.34%), Cipla (+2.22%), ITC (+1.87%), M&M (+1.36%), and Axis Bank (+1.24%), while the major losers were TCS (-2.62%), Sun Pharma (-0.48%), PowerGrid (-0.37%) and L&T (-0.01%).
On the upside, the Nifty has significant resistances at 10340 and 10375 levels. A conclusive rally above the second resistance is needed to strengthen the bullish momentum and take the contract up to 10400 and 10450 in the same period. Therefore, traders with a short-term perspective should desist from trading in the index futures contract as long as it trades in the sideways band between 10200 and 10300.
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Supports: 10200 and 10150
Resistances: 10335 and 10375

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