NSE Nifty reclaimed psychological 10,000 mark intraday going up 9.05 points at 9,988.75 while BSE Sensex was up 32.67 points at 31,846.89, aided by positive Asian cues and change in GST implementation for various sectors.
The Nifty-50 index settled at 9988.75 at today’s closing is its highest closing level since 21 September 2017. The Nifty went up 36.05 points, at the day’s high of 10,015.75 in morning hours. The index fell 20.25 points in early trade.
Bank Nifty opened at 24,209.55 and reached its 52 week high at 24,311.10.
Real estate stocks rallied stridently after strong pre-sales data from Sobha developers that surged 17.4%. Nifty Realty stock is on buzz as index was up 2%. Prestige Estates Projects Limited rose up 4% and Indiabulls Real Estate up 3%.
NIFTY-50 CLOSED AT POSITIVE SIDE AND TAKE A SUPPORT FROM THE LEVEL OF 9960, IF NIFTY-50 WILL CROSS THE LEVEL OF 10030, IN THE NEXT TRADING SESSION. WE RECOMMENDED BUYING FROM THE LEVEL OF 10030.
NIFTY-BANK TRADING STRATEGY: IN THE TODAY’S TRADING SESSION, mNIFTY-BANK HAS TAKEN THE SUPPORT FROM THE LEVEL OF 24156 AND CLOSED BE TRADE ABOVE 24350. IN THE NEXT TRADING DAY, THEN WE RECOMMENDED BUYING ABOVE THE LEVEL OF 24350.
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