SECOND
HALF BETTER
Nifty
7843 -9
Nifty
traded in a narrow range and in a zigzag manner and closed with
nominal decline for the day. IT and Pharma indices fell sharply while
generally non performing sectors such as Banks, Energy, Infra etc.,
gained for the day. Strong support for October is at 7800 and further
weakness would set in only when it closes below 7800 for more
than Two sessions. Nifty spot is expected to encounter
resistance at 7885,, 7920 and find support at 7800, 7765 for
Thursday. While Global cues and Funds flow are
expected to broadly guide the market movement, based on the present
market position, market can be expected to trade in a zigzag manner
with subdued forenoon session and recovery in second half and
particularly towards close..
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