ABB – NIFTY

THIS STOCK IS IN CONSOLIDATION PHASE .IT MOVE UNDER RANGE OF 900-850, IT TAKES SOME MORE DOWN SIDE MOVE

IF IT CLOSE BELOW 856 IT CAN SLIP 840.

RESISTANCE: 874 SUPPORT: 856

AMBIJA CEMENT - NIFTY

STOCK MAY CONTINUE CORRECTION PHASE FROM WHILE. WE CAN SEE NEXT SUPPORT LEVEL AROUND 106-105 IN

SHORT TERM

RESISTANCE: 115.65 SUPPORT: 110.05

However the market in the final hour of the session trimmed some of its gains to close the day on a positive note. The overall market breadth was positive, as all the 13 indices on BSE ended in green. At one stage the Nifty had crossed the 5300 level but it fell again in late trade due to profit booking. Sensex shut shop at 17651, up 180 points and Nifty at 5296, up 55 points from the previous close. CNX Midcap index was up 0.9% and BSE Smallcap index was up 0.6%. The market breadth was positive with advances at 814 against declines of 455 on the NSE.
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