On November 11, BSE Sensex was up 316.02 points to close at 43,593.67, while the Nifty 50 gained 118.10 points to 12,749.20, formed a bullish candle on daily chart and market closed in the green for the 8th consecutive session. Most action was seen in sectors like Pharma, Metals and IT. The top gainers on the Nifty included Hindalco, Tata Steel, Dr Reddy, Axis Bank, Bajaj Finserv and top losers are Indusind Bank, Reliance, Titan, Asian Paint and Britannia.
According to pivot charts, Pivot point for market is 12,696.67. The key support levels for the Nifty is placed at 12,623.58, followed by 12,498.02. If the index moves up, the key resistance levels to watch out for are 12,822.23 and 12,895.32.
Day High - 12,769.75 Day Low - 12,571.10 Market Close - 12,749.15
Pivot Point = (12,749.15+12,769.75+12,571.10)/3 = 12,696.67
Support 1 = 2*12,696.67-12,769.75 = 12,623.58
Support 2 = 12,696.67- (12,769.75-12,571.10) = 12,498.02
Resistance 1 = 2*12,696.67-12,571.10 = 12,822.23
Resistance 2 = 12,696.67+ (12,769.75-12,571.10) = 12,895.32
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NSE NIFTY CHART |
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BSE SENSEX CHART |
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