Sensex up 116.68 poitns to close at 19504.18 - Nirmal Bang

Indian markets Indian markets settled higher on Tuesday. HUL announced Tuesday a voluntary open offer to increase its stake in Hindustan Unilever (HUL). At the close, the benchmark 30-share index, BSE Sensex added 116.68 points or 0.60% at 19,504.18 with 17 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 26.10 points, or 0.44% at 5,930.20 with 23 components registering rise.

Nifty has observed some profit booking around the 5940-5970 levels. The index has strong support at 5,870-5,830 levels on the downside. There is an immediate resistance at 5,970 levels on the upside and on a decisive close above expect rise to 6,040 & 6,100 levels.

Action: Nifty has an immediate resistance at 5,970 and on a decisive close above expect rise to 6,100 levels

Bank Nifty faces immediate resistance around the 12,670 levels on the upside and on a decisive close above expect rise to 12,830 & 12,950 levels. There is an Immediate Support at 12,340 levels on the downside.

Source : Equity Bulls

Keywords