NEWS INSIGHT
- Current market valuation costly; like banks: Sanjeev Prasad
- Bank Nifty to hit 20,000 before Nifty reclaims 8600: Nomura
- NTPC signs Rs 10,000-crore term loan agreement with SBI
- Nifty ends above 8500; Sun Pharma, HUL, Coal India up 2-3%
NIFTY ANALYSIS
- Positional Support for NIFTY 8300
- Positional Resistance of NIFTY is 8630
- Immediate resistance for NIFTY is 8550
- Intraday Support of NIFTY is 8450
- Daily candle of Nifty has closed above its 55 day EMA and buyers have dominated the market. We can expect buying in the coming week.
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