Markets opened with a huge gap crossing their all time highs due to domestic political issues but thereafter moved in a tight range for the rest session and finally indices were closed with a gain of more than 1.5%. Nifty future breached the 6400 and closed around it. Profit booking can be seen around these levels which may show correction towards support range of 6340-6320. While, if it is able to sustain above 6420 then it may lead towards all time highs.
SUPPORT : 6340 & 6290
RESISTANCE: 6430 & 6480
DAILY MARKETS TREND
Sensex rallies 330 points at close; realty, banks, capital goods surge.
Asian shares advance on China trade, falling yen.
Jindal Steel and Power slumps on Congress poll showing.
Bharti Airtel inks pact with Punjab govt.
JSW Steel posts 78% growth in crude steel production in Nov.
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Source : Trifid Research