The 9,950 and 10,150 levels are likely to be immediate resistance for the Nifty50.
9,960 and 9,995 will act as resistance for Nifty while supports will be at 9,865 and 9,810.
In all likelihood, the market will continue with its momentum on Thursday as well.
As the market has stayed within the filter of 50-DMA, a technical bounceback can be expected.
If the Nifty50 holds the 9,700-9,770 base, it may have found temporary bottom.
The benchmark Nifty50 remained vulnerable to volatile and sharp bouts of profit taking.
The 9,860 and 9,885 levels will act as immediate resistance levels for the Nifty50.
The 9,950 and 10,065 levels will act as important resistance for the market.
The market found a reason to correct after Sebi put 331 stocks in the ‘shell companies’ list.
The 10,114 and 10,150 levels will act as immediate resistance for the market.
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