Stock Nifty Technical Report 10 December

Markets opened with a huge gap crossing their all time highs due to domestic political issues but thereafter moved in a tight range for the rest session and finally indices were closed with a gain of more than 1.5%. Nifty future breached the 6400 and closed around it. Profit booking can be seen around these levels which may show correction towards support range of 6340-6320. While, if it is able to sustain above 6420 then it may lead towards all time highs.

TREND: SIDEWAYS

SUPPORT      :  6340 & 6290

RESISTANCE:   6430 & 6480

DAILY MARKETS TREND

  • Sensex rallies 330 points at close; realty, banks, capital goods surge.
  • Asian shares advance on China trade, falling yen.
  • Jindal Steel and Power slumps on Congress poll showing.
  • Bharti Airtel inks pact with Punjab govt.
  • JSW Steel posts 78% growth in crude steel production in Nov.

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Source : Trifid Research

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