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A quick correction possible
For now, 79,700 would be the sacrosanct support level, above which market could move up to 80,500-80,750; However, below 79,700, we could see one...
Traders waiting for either side breakout
77,700 would be the immediate breakout level, above which the market could move up till 78,000-78,200 range; However, below 77,100pts, the market is...
Caution alert for investors
Post 77,000 breakout, the market could rally up to 77,300-77,400pts; On the other side, below 76,300 the index could retest the level of 76,000-75,800
Market texture is extremely volatile
For now, 50-day SMA or 73500 and 74000 would be the key resistance areas while 71000-70200 would act as key intraday supports zones
Range-bound texture below 72,750-74,200 level
Above 74,200 level, market could rally till 74,500-74,600; On the flip side below 72,750pts, it could slip till 72,500-72,300
Current market texture still bullish
Mumbai: The benchmark indices on Monday witnessed a promising uptrend rally as BSE Sensex was up by 938 points. Among sectors, PSU Bank, despite...
Market texture still non-directional
If Sensex slips below 73,700 level, then possible one quick intraday correction till 73,400-73,200 range
Domestic flows supporting mkts
75,000 would act as a trend decider level, above which the market could rally till 75,500-75,600pts; Below the same, it could retest the level of...