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Trade setup for Thursday: Top 15 things to know before Opening Bell
Key support levels for the Nifty are placed at 13,899, followed by 13,816. If the index moves up, the key resistance levels to watch out for are 14,031 and 14,080. December 30, 2020 / 10:16 PM IST
Market benchmarks Sensex and Nifty ended in the green for the sixth consecutive session on December 30 as investor sentiment remained upbeat on expectations of a nod for Oxford-AstraZeneca Covid vaccine usage in India.
Sensex ended 133 points, or 0.28 percent, higher at 47,746.22 while Nifty settled with a gain of 49 points, or 0.35 percent, at 13,981.95. Bulls stepped on the accelerator in the afternoon trade to end the day just shy of the 14,000 mark led by cement and steel stocks on hopes of higher spend on infrastructure. Vaccine approval in the UK and hopes of approval back home led strength to the rally despite profit-booking seen across stocks, said S Ranganathan, Head of Research at LKP Securities.
Trade setup for Friday: Top 15 things to know before Opening Bell
Key support levels for the Nifty are placed at 13417.23, followed by 13356.17. If the index moves up, the key resistance levels to watch out for are 13521.43 and 13564.57. December 10, 2020 / 11:41 PM IST
Markets ended marginally lower after a range-bound session on December 10, taking a breather after the recent surge.
Participants took money off the table amid weak global cues. However, resilience in FMCG majors capped the downside and recovery in metal and banking majors in the last hour further trimmed the losses.
The Sensex closed 144 points, or 0.31 percent, lower at 45,959.88 and the Nifty settled 51 points, or 0.38 percent, lower at 13,478.30.