On 06th October, BSE Sensex surged 600.87 points to 39574.57 while the NSE Nifty50 jumped 159.05 points to 11662.40 and formed a bullish candle on the daily charts.Stock market rose to a seven-month high on 6th October, tracking positive global cues as banking stocks led the rally on the home front on signs of healthy deposits and advance growth. Most action was seen in finance, realty, Bank, and auto stocks while mild profit-taking was seen in metals, oil & gas and power stocks.
According to pivot charts, Pivot point for market is 11635.67. The key support levels for the Nifty are placed at 11591.03, followed by 11519.67. If the index moves up, the key resistance levels to watch out for are 11707.03 and 11751.67.
Day High - 11680.30 Day Low - 11564.30 Market Close - 11662.40
Pivot Point = (11662.40+11680.30+11564.30) = 11635.67
Support 1 = 2*11635.67-11680.30 = 11591.03
Support 2 = 11635.67- (11680.30-11564.30) = 11519.67
Resistance 1 = 2*11635.67-11564.30 = 11707.03
Resistance 2 = 11635.67+ (11680.30-11564.30) = 11751.67
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NSE NIFTY50 CHART |
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BSE SENSEX CHART |
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