Market gained in a truncated tradingweek as the recent data showing pick up in industrialproduction growth and easing inflation raised bets for acut in interest rates by the Reserve Bank of India inupcoming policy meet later this month.
The Sensex rose 608.70 points or 2.37% to settle at26,218.91. The gains in Nifty was higher than Sensex’srise in percentage terms. The Nifty gained 192.60points or 2.47% to settle at 7,981.90.
Technical Expert View : – On Nifty weekly chart strongresistance is seen at 7995 if it breaks with high volume,more bullishness is expected.
Nifty Directional : – Buy Nifty Future above 8005Target 8055, 8105 Stop Loss 7905.
Nifty Future Prediction By Technical Experts :
BUY KTKBANK FUTURE ABOVE 125 TARGETS 127.5 , 130 , 132.5 STOPLOSS 120
SELL UPL FUTURE BELOW 478 TARGETS 470 , 462 , 454 STOPLOSS 493
SELL VOLTAS FUTURE BELOW 248 TARGETS 243 , 238 , 233 STOPLOSS 258
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Stock Predictions for Monday