After yesterday’s high volatile session, today markets are expected to open on flat to positive note and thereafter will continue to trade in narrow band of 10350-10440 levels with positive biasness. On higher side call writing `at 10500 option will act as stiff supply zone for indices whereas put writing at 10300 will prove as strong support.
Yesterday amid choppiness, Indian bourse opened with loss of more than 2% but soon favorable results in state election provided much needed support to indices and nifty recovered all the losses and rallied by almost 300 points from its days low to make high of 10440 levels in afternoon session. Minor profit booking from higher levels was seen in last hour of trades but nifty managed to close around 10388 with gains of 55 points.
Script Action Initiation Target SL
TCS BUY Around 2575 2640 2540
DCBBANK BUY Around 195 202 192
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