Nifty opened with a gap of almost 0.50% in yesterday’s session and thereafter continued to inch upwards on back of strong buying in banking, realty, capital goods, nbfc and telecom sector. After struggling for almost 2 months banknifty finally breached it previous high and closed around 25500 levels with gains of 1.90%.
After yesterday's stupendous rally, today domestic markets are expected to open on flat note and thereafter will continue to trade in fresh longs. However, on higher side nifty will see stiff resistance around 10500 level and profit booking can be seen from those levels.
Script Action Initiation Target SL
LICHSGFIN BUY Around 597 614 588
GODFRYPHLP BUY Around 1030 1080 1008
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