Price started on a gap up note and traded with positive bias throughout rest
of the session. On the lower end 8050 acted as effective support level
whereas the headline index Nifty reached near 8100 towards the closing. In
the daily chart price neared the upper Bollinger which may provide some
selling pressure; however, the bias remains positive as long as the price
sustains above 8000. On the higher end resistance seen at 8115, above
which it may move towards 8181. On the lower end supports are pegged at
8050/7990/7935.
of the session. On the lower end 8050 acted as effective support level
whereas the headline index Nifty reached near 8100 towards the closing. In
the daily chart price neared the upper Bollinger which may provide some
selling pressure; however, the bias remains positive as long as the price
sustains above 8000. On the higher end resistance seen at 8115, above
which it may move towards 8181. On the lower end supports are pegged at
8050/7990/7935.
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