After four consecutive range bound trading session finally investors gets some relief from the market on the last day of the week as sensex closed with a gain of 91.16 at 33679.24 and Nifty future closed with a gain of 50.85 at 10417.50 market breadth was positive this time as 1506 shares advanced against a decline of 1227 shares and 154 shares were unchanged.
Looses were only seen in PSU banks and metal sector both indices down by 0.57%, rest of the indices end with little gain in which Nifty pharma closes with gain of 0.77 followed by Nifty FMCG with a gain of 0.72%
Auro pharma, Indusind Bank and Infosys was the top gainers today and Idea, Hindalco and Vedanta was the top losers.
Nifty future weekly closing showed some positive sign for next week as nifty breaks its crucial resistance level of 10390 and sustain above it, whereas Bank nifty future main hurdle is to cross 25890-25920 level, which is been strong resistance zone, Market trend is looking positive for Monday and trading strategy for Monday will be buy on dips as market trend may be consolidate to bullish till market breakdown last week Friday gap area.
RESISTANCE & SUPPORT LEVELS -
Support of Nifty future is placed at 10380 and 10265.
Resistance of Nifty future is placed at 10490 and 10570.
Support of Bank Nifty future is placed at 25650 and 25550.
Resistance of Bank Nifty future is placed at 25920 and 26010.
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