Home / Mumbai / Mumbai News / Article / Factors combine to spread the good feeling, but, keep a wary eye out for global developments

Factors combine to spread the good feeling, but, keep a wary eye out for global developments

<p>Nifty made an intraday high at 9270, last week and finally settled at 9198.30. On Friday, the Sensex closed a little below at 30,000. Still, both these markets are in the buy mode. Nifty has major support at 9116.87</p>

Listen to this article :

Protests at US air strikes against Syria in Los Angeles.  It has fuelled calls for a diplomatic push to end the six-year war. Pic/AFP
Protests at US air strikes against Syria in Los Angeles.  It has fuelled calls for a diplomatic push to end the six-year war. Pic/AFP

Nifty made an intraday high at 9270, last week and finally settled at 9198.30. On Friday, the Sensex closed a little below at 30,000. Still, both these markets are in the buy mode. Nifty has major support at 9116.87. If Nifty closes below this level consecutively for more than two days, then we can see more selling pressure which can bring down below 9000 levels. Chances of that are low because the India VIX is still below 12 indicating strong support for the market at lower levels. Nifty has resistances at 9264, 9270 and 9400. Sustained FII buying and short covering can take Nifty towards these levels.

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement