Nifty maintains upward rally

India Infoline News Service | Mumbai | October 06, 2017 15:16 IST

Bull Market
Benchmark indices have shown a strong bullish mood throughout the day. The Nifty 50 index has 41 advances and 9 declines indicating a positive breadth is floating in the market.

On the downside, 9,890 and 9,900 are strong support levels for the 50-stocks index. On the daily technical charts, it has been making higher highs and higher lows of the Nifty for past few trading sessions. On the upside, 10,000 followed by 10,040 and 10,080 may be placed as the important resistance levels.

Nifty October 10,100 CE and Nifty October 9,900 PE witnessed the addition of maximum open positions. Maximum open interest was seen at the call strike of 10,000 and put strike of 9,800.

The index is trading at 9,961 levels up by 73 points or 0.74%. The 30 day 0.09% change for the index stood at 0.10%.

Tata Steel is topping the charts in Nifty 50 index trading higher by 4.30% at Rs 689.40 per share followed by Hindalco up 4.22% at Rs 250.90 per share. On the contrary, Hero MotoCorp slipped 1.53% at Rs 3,698 per share.