Today Nifty has 5815-5800-5,790-5767-5735 support level and 5900-5915-6030 Resistance Level.
And Sensex has 19300 support Level and 19650 Resistance Level.
Indian market have provided a surprise relief rally and credit for same goes to smart HCL tech result and add to it we had positive set of cues from global peers. HCL tech reported robust Q3 earnings and forecast improvement in margins in the April-June quarter. Moreover good news in form of normal monsoon forecast, also supported the market. The sector which is affected a lot on monsoons is the financial sector as its prospects depends a lot on farm output in the country and this is determined by rain forecast. Now we need to watch TCS with its result round the corner and we are expecting good results and thus tone of the market will remain positive.
Companies named in 2G telecom scandal suffered due to Court rejecting bail pleas of their executives. Accused are Sanjay Chandra, Vinod Goenka and 3 Reliance ADAG Executives. ADAG executives are Gautam Doshi, Hari Nair and Surendra Pipara. Overall market breadth was positive with 1962 advances against 951 declines. Do remember to check the hot stocks and make money as real movement in Nifty will be seen as and when Nifty crosses Laxman Rekha of 5900 which will take the rally to the level of 5980. However keep an eye on level of 5735 which if broken means that down trend will again commence in the market. TCS has been performing better on a relative basis than Infosys for a sometime and we believe that rally should continue tomorrow.
Get all The Trading Tips just Click: Stock Intraday Tips.
And Sensex has 19300 support Level and 19650 Resistance Level.
Indian market have provided a surprise relief rally and credit for same goes to smart HCL tech result and add to it we had positive set of cues from global peers. HCL tech reported robust Q3 earnings and forecast improvement in margins in the April-June quarter. Moreover good news in form of normal monsoon forecast, also supported the market. The sector which is affected a lot on monsoons is the financial sector as its prospects depends a lot on farm output in the country and this is determined by rain forecast. Now we need to watch TCS with its result round the corner and we are expecting good results and thus tone of the market will remain positive.
Companies named in 2G telecom scandal suffered due to Court rejecting bail pleas of their executives. Accused are Sanjay Chandra, Vinod Goenka and 3 Reliance ADAG Executives. ADAG executives are Gautam Doshi, Hari Nair and Surendra Pipara. Overall market breadth was positive with 1962 advances against 951 declines. Do remember to check the hot stocks and make money as real movement in Nifty will be seen as and when Nifty crosses Laxman Rekha of 5900 which will take the rally to the level of 5980. However keep an eye on level of 5735 which if broken means that down trend will again commence in the market. TCS has been performing better on a relative basis than Infosys for a sometime and we believe that rally should continue tomorrow.
Get all The Trading Tips just Click: Stock Intraday Tips.
