After expiry, market open on a flat note, tracking global cues. Nifty moved in the narrow range of 40 points on the last day of the week, selling pressure in the last hour of the day drags Nifty to close in the red. Pharma and Media sector are the limelight of Friday session as both gain 2.35% and 1.49% and on the down side PSU Bank drag the most by 4.21 % after 2 days of winning streak.
Market is clearly stock specific now as quarterly result is going on and we would like to suggest our traders to trade stock specific as index seems to be range bound on Monday as well. Bank Nifty future is consolidating in a narrow range of 24880-25120. Any movement above or below will consider breakout and further traders can maintain fresh position.
Market Trend for Monday -
Support of Nifty future is placed at 10280 and 10200.
Resistance of Nifty future is placed at 10400 and 10490.
Support of Bank Nifty future is placed at 24880 and 24550.
Resistance of Bank Nifty future is placed at 25120 and 25685.
More Share Market News Visit - http://marketmagnify.com/freetrial.php
No comments:
Post a Comment