Podcast | Stock picks of the day: Near-term resistance at 10,990–11,070 for Nifty
Level of 10780 – 10700 will act as an immediate support whereas on the higher side, 10990 – 11070 will be a near-term resistance for the index.
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| CAPITAL STROKE |
After taking a sharp U-turn during the second half of the trading
session at the beginning of the week on Monday, Nifty saw a significant
rally during the rest of the week.
Thursday’s trading session
certainly proved the strong presence of bull as Nifty opened higher with
a gap and saw mammoth buying interest throughout the session.
In that optimism, the index convincingly closed above the
daily 200-DMA & 89-EMA, respectively, which was earlier acting as a
strong wall of resistance.
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