Sensex closes 22 points and the Nifty rose 19 points, metal stocks climbed
Amid mixed global cues third business day of the week on Wednesday, the stock market closed with a slight edge. Sensex rose 22 points to close at 27 257 points, while the Nifty closed at 8417 up 16 points.
MCX HNI Tips
Top 5 stocks rise
Wednesday's trading in Nifty 50 stocks rose the fastest of UltraTech Cement. UltraTech Cement's stock closed up 3.66 percent. BHEL 3.63 per cent, Hindalco 3.57 per cent, Tata Steel 3.24 per cent and 2.19 per cent, Aurobindo Pharma rose up happened.
Technically now 8435 is the next logical target and now 8319 would be the crucial support to work with
The Nifty opened with a bull gap and traded up to close in the green seeing the high at 8417.
Technically the trend is still up as long as 8367 holds but we are now heading to our logical technical target and strong resistance of 8435. I would like to see how Nifty negotiates 8435 if I have to modify the targets to 8558.
The support for the Nifty is at 8367-8319 and the resistance is at 8435.
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