Nifty Outlook:
Market participants lightened some long positions ahead of Gujarat elections. The Nifty future premiums were quite high at 50 points, which was an indication of high optimism created in the market. The Nifty50 has come under selling pressure near the November expiry and is heading towards the highest Put base of 10,000 strike. We expect some consolidation to happen around 10,000 before the index starts moving higher.
Nifty 50 Gainers
|
| Stock | Price |
| AMBUJACEM | 264.15 |
| KOTAKBANK | 1,006.00 |
| INFRATEL | 385.00 |
| NTPC | 181.50 |
| MARUTI | 8,615.00 |
Nifty 50 Losers
|
| Stock | Price |
| TECHM | 469.55 |
| IBULHSGFIN | 1,160.00 |
| ADANIPORTS | 385.00 |
| VEDL | 285.90 |
| GAIL | 454.00 |
Nifty Resistance & Support
|
| R1 / R2 | 10252/10493 |
| S1 / S2 | 10074/9908 |
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