Market Closing update - After a volatile day nifty able to close in Green By Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Market Closing update - After a volatile day nifty able to close in Green. by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Nifty up by 22 points (0.15%) to 15197 and Sensex up by 111 points (0.22%) to 50651. Indian market opens on positive notes on the back of a positive global market and then we have seen some profit booking and the nifty touched the lows of 15145. Today the majority of indices are in green S&P BSE POWER up by 1.89%, S&P BSE REALTY Up by 1.47% while S&P BSE Energy down by 0.16%. If we look at stock then several stocks have given a fresh breakout and seen some good buying in them SBIN up by 2.73%, LT up by 1.74%.
In India covid 19 2nd wave cases are also coming down and it seems to be the peak of the 2nd wave is behind us as of now and the state government will start reopening up the economy gradually. We expect the market to be volatile in the coming week, on the downside 15150 will be a very important support for the nifty and on the higher side 15400 will be the resistance for this month.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
