31 october nifty trend analysis and level for today

The equity market market continued to trade record highs on Friday. The IT index has been on an uptrend the rally in the index by HCL tech, NIIT tech, Persistent, TCS , wipro, tech mahindra,

The sensex rising 355.17 points to 27701.49 and the nifty up 103.40 points to 8272 following strong by US cues. The market gained momentum by the midcap and smallcap indices , both index up more than 1% .

IT, pharma, autos, private banks, realty, metal , energy . Our sense is these are the sectors which will again, going forward, continue to contribute to the up move.

Intraday Resistance of NIFTY are 8222.4 : 8266.6 : 8305.3 : 8324.3
Intraday Support of NIFTY are 8116 : 8071.8 : 8034.2 : 8015.6