On the Singapore stock exchange CNX Nifty future trading shows that the Nifty could gain 27 points at the opening bell. India's Index of industrial production (IIP) declined 2.1% in November 2013, lagging market expectations. Data was out after market hours on Friday, 10 January 2014.
The 50-unit CNX Nifty also hit 1-1/2-week high. The Sensex was up 280.67 points or 1.35%, off close to 30 points from the day's high and up about 190 points from the day's low. The market breadth, indicating the overall health of the market, was strong.
The CNX Nifty was up 78.85 points or 1.28% to 6,250.30. The index hit a high of 6,259 in intraday trade, its highest level since 2 January 2014. The index hit a low of 6,189.55 in intraday trade.
Nifty futures on the Singapore Exchange up 0.56 percent, while the MSCI-Asia Pacific excluding Japan index gains 0.66 percent.
Nifty Market Support Level For Today:
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6130
SUPP 2: 6065
RES 1: 6260
RES 2: 6345
Latest Bank Nifty Market Technical Analysis:
CH BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10640
SUPP 2: 10370
RES 1: 11100
RES 2: 11480
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