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The market opened flat, but a rise in the afternoon helped him win for the second consecutive session on Nov. 27, forming a bullish bull on daily charts.
The increase was largely boosted by heavyweights in the index, Reliance Industries (up 1.66%), HDFC Bank (0.7%), HDFC (0.9%), Infosys (2.81%) and TCS (2.39%).
The 30-share BSE Senbad rose 159.06 points to 35,513.14 points, while the 50-share NSE Nifty closed at 57 points.
"The Nifty Index eventually canceled its low-high-low training after four trading days and continued its positive momentum.It formed a bullish candle on a daily scale that suggests bulls do not loosen not their hold on the market, "Chandan Taparia, Associate Vice President | Motilal Oswal Financial Services, Analyst, Derivatives Specialist, told Moneycontrol.
India VIX fell from 10.94% to 18.17%. A sudden drop in VIX could bring short-term stability to the market
According to the PivotTable charts, the key support level is placed at 10,622.87, followed by 10,560.13. If the index starts to recover, the key resistance levels to monitor are 10,721.77, then 10,757.93.
The Nifty Bank index closed at 26,443.10, up 77.50 points on Tuesday. The important pivot level, which will be a crucial support for the index, is placed at 26,310.8, followed by 26,178.5. On the upside, the main resistance levels are at 26,533.3, followed by 26,623.3.
In an interview with CNBC-TV18, the best experts on the market recommend the values to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy IRB Infra with a stop loss of Rs 148, goal of Rs 160
Buy United Spirits with a stop loss of Rs 640, goal of Rs 665
Purchase Escorts with a stop loss of Rs 684, goal of Rs 710
Buy RBL Bank with a stop loss of Rs 568, goal of Rs 590
Buy Ceat with a stop loss of Rs 1230, target of Rs 1265 [19659002] Sudarshan Sukhani from s2badytics.com
Buy Ashok Leyland with stop loss at Rs 107 and target of Rs 115
Buy Reliance Industries with stop loss at Rs 1118 and target of Rs 1140 [1965900)] Buy Motherson Sumi Systems with stop loss at Rs 157 and target of Rs 167
Buy LIC Housing Finance with stop loss at Rs 450 and target of Rs 476
Sell Tata Steel with stop loss at 530 Rs and target of 512 Rs
Mitessh Thakkar of mitesshthakkar.com
Buy Bajaj Finance with stop loss of Rs 2414 and Rs 2490
Sell Biocon with a stop loss of Rs 617 and a target of Rs 588
Buy Escorts with a stop loss of Rs 678 and a target of Rs 718
Buy Balkrishna Industries with a stop loss of Rs 972 and its target of 1022
Disclaimer : The views and advice on investment expressed by moneycontrol.com/CNBC-TV18's investment experts are theirs, not those of the website or its management. Moneycontrol.com advises users to consult certified experts before making any investment decision.
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