Today NIFTY index will have quite stiff resistance at 5695. If it manages to cross 5695, it may reach 5709 and 5724. If it Happens then bulls may take nifty to 5740 and 5757 levels.
It can take on other side, below 5664 level, nifty may be dragged down to 5650 by bears. One can see some more action below 5633 If nifty manages to cut 5633, it may touch 5619. Support for bulls acting at 5604 level.
Sectors looking bullish
1. FMCG
2. Bankex
3. Pharma
Sectors looking bearish
1. Power
2. Metal
3. IT
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intraday cash
MCX Intraday Tips
Today both benchmark indices led by gains in Bank, FMCG, IT and infra sector stocks. Financial Technologies, JPASSOCIAT, IRB infra, JINDAL STEEL NTPC were top gainers.
shares of Financial Technologies rallied 45% on Monday Morning, Jaipraksh Power Venture moved 12%.
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