On November 10, BSE Sensex was up 680.22 points to close at 43,277.65, while the Nifty 50 gained 170.05 points to 12,631.10 and formed a bullish candle on daily chart. Most action was seen in banks, finance, capital goods, realty, as well as oil & gas while mild profit booking was seen in IT, healthcare, and telecom stocks. The top gainers on the Nifty included Bajaj Finance, Indusind Bank, LT, Bajaj Finserv, SBI and top losers are Tech Mahindra, Cipla, HCL Technology, Divis lab and Nestle Industry.
According to pivot charts, Pivot point for market is 12,583.42. The key support levels for the Nifty is placed at 12,522.93, followed by 12,414.77. If the index moves up, the key resistance levels to watch out for are 12,691.58 and 12,752.07.
Day High - 12,643.90 Day Low - 12,475.25 Market Close - 12,631.10
Pivot Point = (12,631.10+12,643.90+12,475.25) = 12,583.42
Support 1 = 2*12,583.42-12,643.90 = 12,522.93
Support 2 = 12,583.42- (12,643.90-12,475.25) = 12,414.77
Resistance 1 = 2*12,583.42-12,475.25 = 12,691.58
Resistance 2 = 12,583.42+ (12,643.90-12,475.25) = 12,752.07
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- M&M Standalone September 2020 Net Sales at Rs 11,710.46 crore, up 5.73%.
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- Dalmia Sugar Consolidated September 2020 Net Sales at Rs 719.53 crore, up 78.41%.
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