Nifty opened gap up and broke the resistance, supported by a good buying volume prices settle at 8961. Where opening was marked @ 8891, total 121 points of positive move was taken for the day and trading at the high from March 2015 index had opened a new door to challenge the buyers. We feel prices to hit 9050 for next trading session.
Bank Nifty gain 524 points for the day, this was the biggest move for the day. Banking index opened @20140 and breaking all the resistance it hit to 20531 where closed in a positive mood of 20496. Looking the volume bar buyers still seems positive and boosted for further buying in banking sector. We expect prices to hit new handle of 20650 for tomorrow.
Nifty Resistance & Support
|R1 / R2||9050/9120|
|S1 / S2||8835/8750|