Benchmark Nifty yesterday took support of 8370 levels
which was the low of its past two trading sessions. Banking stocks led by HDFC
Bank, saw broad based buying throughout the day. Free Intraday Tips- If Nifty
is able to sustain above 8450, the important level to watch out in Nifty is
8540 on the upside.
The open interest data in the January clearing has
shown buying by both FII and Pro. The important levels for Bank Nifty on the
upside being 19150 and if that level is crossed, the next target being 19430.
Reliance Industries came out with its quarterly
results which were below market expectations and the stock can remain under
selling pressure.
Equity Tips- Nifty Future is opening at 8444 as
per SGX Nifty at 8:50 am IST, 9 points above its previous close of 8435.
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