Nifty can be seen at 8700 while the resistance is at 9000.
The markets surprised today as its started off mildly bullish and throughout it zoomed sky-high. It made a high of 8856 and low of 8717 finally closed at 8851(+1.82%). The immediate support for Nifty can be seen at 8700 while the resistance is at 9000.
Among the sectors, CNX REALTY (+4.46%) was the highest gainer today followed by CNX PSU BANK (+4.09%), CNX METAL (+3.03%) AND CNX FINANCE (+2.18%). The only losers today was CNX FMCG (-0.03%). The Nifty breadth was very positive today with 47 advances and 3 declines.
Among the prominent stocks, BANKBARODA was the highest gainer today with about +6% today along with TATAPOWER (+5.32%) and LT (+5.04%). The only Nifty losers were GAIL (-0.88%), ITC (-0.67%) and BPCL (-0.24%).
Markets are getting excited ahead of the upcoming budget announcement tomorrow. Expecting a very optimistic budget, the markets were in a very Bullish mode today.
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