Stock Market Technical News 27 December

Markets moved on a muted note on the F&O Expiry day for most part of the session while slight volatility was seen in the last hour of trade and finally closed on a flat note. Nifty Dec futures again found strict resistance around 6300 mark and closed below it. Now, Nifty Jan futures may find immediate resistance around 50% retracement of 6370 and closing above this may indicate short term bulls. On lower side, 23.6% retracement of 6280 will act as strong support for the index.

TREND: SIDEWAYS :

SUPPORT  :  6300 & 6260

RESISTANCE:   6370 & 6410

DAILY MARKETS TREND :

  • Sensex remains flat; consumer durables, capital goods rise.
  • CCEA okays norms for sugar mills to get interest-free loans.
  • Amtek rallies on acquisition of Kuepper group of cos.
  • Lanco Infra soars 16% as co may sell assets worth 7612cr.
  • BHEL rallies over 1% on Rs 1,023-cr contract from Neyveli Lignite.

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Source : Stock News

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