MARKET WRAP
- Sensex closed up 0.40%@19,986.82 pts; Nifty gained 0.54%@6,056.60 pts.
- European market majors CAC, DAX & FTSE were up from 0.07% -0.26 %.
- NASDAQ was red by 0.26% & Dow Jones Industrial Avg. was up by 0.14 %.
Sensex gained 80.41pts@19,986.82; Nifty gained 32.55pts@6,056.60. Strong corporate earnings reported so far and expectations of a generous rate cut by the RBI lifted Sensex & Nifty to a two-year high, as Indian share defied the subdued mood in global markets. It was Axis Bank's turn to surprise market with better-than-expected Q3 nos.
NIFTY OUTLOOK
Trend: - BULLISH
Resistance: - 6080, 6120
Support: - 6020, 5960
Strategy: - Buy on Dips
BANK NIFTY OUTLOOK
Trend: - BULLISH
Resistance: -13000, 13150
Support: -12800, 12650
Strategy: - Buy on Dips
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