MID
SESSION BETTER
Nifty
8159 +129
Nifty
opened better following US Fed decision and gained further to recover
most of the week’s losses and closed with a gain of about 1.50%.
Nifty once again closed above 100DMA and appears to have made a
short term bottom. Stop loss for Nifty short positions may be
maintained at 8200(on close basis). Nifty spot is expected to
encounter resistance at 8200,, 8240 and find support at 8120, 8080
for Friday. While Global cues and Funds flow
are expected to broadly guide the market movement, based on the
present market position, market is expected to be better during
midsession.
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