NEWS INSIGHT
- Sensex ends nearly 400 points up; Nifty ends shy of 8,400.
- Modi raises solar investment target to $100 bn by '22.
- Tata Steel resumes operations at Noamundi mine.
- Suzuki Motorcycle sales up 43% in December.
- Banks open 10.3 cr a/cs under Jan Dhan Yojna so far.
- China builds world's largest coal unit to make power.
NIFTY ANALYSIS
- Positional Support for NIFTY 8290.
- Positional Resistance of NIFTY is 8600.
- Immediate resistance for NIFTY is 8445.
- Intraday Support of NIFTY is 8340/8315.
- Oscillator Analysis The oscillator is showing buying signal.
- Nifty has formed a very strong Marubozu and has taken closing near to high. WE can expect current upward rally to continue supported by heavy volume in coming week.
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