"GMRINFRA 22.50 CALL ACHIVED 1ST TGT 0.40 6750 PROFIT IN 1 LOT COTINUE TO HOLD FOR 2 ND TGT WITH SL OF 0.25"
Market
closed lower after a rangebound trade due to lack of cues at global as well as
domestic markets, investors waited for minutes of a June policy meet by the
Reserve Bank of India (RBI) to gauge the direction of interest rates in the months
ahead. The Sensex was down 14 points at 31283 and the Nifty fell 20
points to 9633.
Lack of
fresh triggers refrained market to continue its positive momentum while today’s RBI minutes
will be under scrutiny to check any deviation from current neutral stance due
to softening inflation. Nifty now has immediate support placed around
level of 9600 and if it slips below this level it may extend its down-move up
to levels of 9575 -9550. On the flipside resistance for the index is placed
around level of 9675 and if it holds above this level it may extend up-move
towards level of 9700.
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Resistance: 9665, 9685,
9700
Support: 9600,
9575, 9550
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