In coming sessions market may trade in a range of 5000-5300. On the call option front strike price with the highest open interest i.e. 5100 and 5200 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4800 and 5000 may act as a support on the downside.
The 30-share Sensex ended at 17,193.55 up 330.25 points or 1.96% and the 50-share Nifty ended at 5,199.25 up 111.95 points or 2.20 %. The Sensex and the Nifty reached an intra-day high of 17,238.99 levels and 5,215.40 mark, respectively. Nifty Futures is looking bullish in the coming trading session if it manages to trade above the resistance level of 5250 else below support level of 5100 it would be in a downward trend.
The 30-share Sensex ended at 17,193.55 up 330.25 points or 1.96% and the 50-share Nifty ended at 5,199.25 up 111.95 points or 2.20 %. The Sensex and the Nifty reached an intra-day high of 17,238.99 levels and 5,215.40 mark, respectively. Nifty Futures is looking bullish in the coming trading session if it manages to trade above the resistance level of 5250 else below support level of 5100 it would be in a downward trend.
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