Today Indian Stock Market rally on first day of December contract, due to recovery in Indian Rupee which was dip in last session.
At 11:30 a.m.; the 50-share index was at 6,166.60, up 74.75 points or 1.23 per cent. It touched a high of 6,182.40 and a low of 6,103.80 in trade today.
The S&P BSE Sensex was at 20,772.01, up 237.10 points or 1.15 per cent. It touched a high of 20,819.77 and a low of 20,558.93 in trade today.
Nifty formed a bullish pattern on the daily charts which has confirmed a positive bias. The index has managed to hold the crucial support of 5,950 levels and bounced sharply. We expect the markets to rise in the near term and maintain an upside target of 6,180 & 6,220 levels.
The Bank Nifty faces immediate resistance around the 11,100 levels on the upside and on a decisive close above expect rise to 11,450 & 11,520 levels. There is an Immediate Support at 10,850 levels on the downside," the report added.
In Commodity all segment trading in red zone from the opening but some strength looking in to bullion metal, mainly in silver which stable near to 44000.0.
MCX Silver was down 90.0 points at 44038 after opening at 44096, it hit high of 44129 and low of 43986 in trade day.
Today 29/11/13 Best Free Calls for Intraday Trading-
Buy- Gail India above 341.50 with TGT- 342.5/343.5/344.50 SL- 338.50
Buy- HDFC above 825.50 with TGT- 828/831.0 SL- 820.0
Sell- Tata Steel below 401.0 with TGT- 399/397.5/396.0 SL- 406.0