Nifty opens on a Flat note from its Previous day close. During the First 15 Minute, Index hit a low near 10885 and bounce towards 10960. Nifty Hold on its Intermediate Support 10880 & fail to cross the resistance Level.
Nifty Closed on 10934.35 ( 05.02.2019)*
Going Forward, 10960 Immediate resistance Point for the Market, Above this Level Market can head upto 11000.
11000 be the Strongest Resistance for the Market, If Market succeed to taken out on upside then a rally of 200-400 Possible on the Upside.
10880 Intermediate support for the Market. Index Slip below 10880 & Hold on. then can see a downside levels of 10840/10800.
F&O Ban Stocks: IDBI, DHFL
Earnings to Watch: ADANI PORT, ADANI POWER, ALBK BANK, CIPLA, CUMMINS, IGL, JSW STEEL, LUPIN, MANAPPURAM FIN, MUTHOOT FIN, SIEMENS, VENKYS, VODAFONE IDEA,GRAPHITE,FCONSUMER,CG POWER.