Mutual Market Trading News 09 December

Markets opened on a flat note but were able to maintain on higher side on account of rupee appreciation and settled the range bound session on a flat note. Nifty future again moved in the strict range of previous session and gave satisfactory closing around 6300. For the coming session indices will be affected by domestic cues & political issues; hence high volatility is expected. Important resistance mark seen is 6400 while 21 day EMA of 6180 as major support.

TREND: SIDEWAYS

SUPPORT   :  6270 & 6220

RESISTANCE  :   6370 & 6430

DAILY MARKET TREND :

  • Sensex remains flat; Tata Power up 6%, HUL falls 1%.
  • European share sales strongest since 2009.
  • Power Grid up 2.5%, FPO subscribed 5 times.
  • Jet Airways surges 4% on buzz Sebi may take up open offer issue.
  • Mphasis Q4 earnings fall 9.1%.

FOR 2 DAY TRIAL STOCK CASH TIPS,STOCK FUTURE TIPS VISIT HERE

Source :  Trifid Research

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