Good buying supported the index prices to break the resistance and we almost covered the fall of 29th September and we closed positive today at 8779 good profit booking was seen on the buying pockets. Further we expect the prices to head for 8850, acting as a immediate resistance and 8660 as support
Bank Nifty performed well by gaining 282 points for the day, opening was marked at 19511 and banking index closed at 19685. Expected recovery had taken place and now we are looking ahead for the 19970 handle which is again a brick of long consolidation. Tomorrow we have the monitory policy on to which a good volatility is expected.