Nifty: Resistance 5776/5811/5823/5845/5904
Support 5735/5691/5666/5630/5616
As we written in previous post, "above 5666 only next phase of rally" & we witnessed the same, another day with bulls charge all over, making Sensex to cross the 19,000-mark for the first time since January 18, 2008 & Nifty went on to cross 5750. Intraday, Nifty till holds 5691 mark, bulls keep the upper hand, resistance @ 5777-5845. Below 5691, Nifty turns weak & below 5666 more booking may emerge. Expect marginal gap up opening with 10-15 pts.
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FIIs were net buyers to the tune of Rs 823 crore in Nifty options and net buyers of Rs 595 crore in Stock futures.
Nifty P/E 24.32
PCR Above 2
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