As
predicted by us in our last post “nifty will see a full action of bulls in
tomorrow trading session” and exactly same happened rally of bulls was
continuing in today’s market. They managed to pull nifty above the RESISTANCE
levels of 10280 at 22 EMA with RSI of 50.and achieved the target of 10350 made
high of 10373.made low of 10292. And for now, 22 EMA seen support levels at
10280 and 55 EMA at 10155. 10350 is the resistance level for now in
nifty.
Sensex was trading higher by 238 or 0.72 percent to 33,345 points against the previous close of 33,106 and Nifty was up 68 points or 0.67 percent at 10,282. the Sensex soared over 400 points intraday and the Nifty raced past 10,300 as international rating agency Moody’s has upgraded India’s sovereign bond rating to Baa2 from Baa3 with a stable outlook and also noted continued progress on economic and institutional reform will enhance India's high growth potential.