A list of important headlines from across news agencies that could help in your trade today.
The Nifty which took support at its 5-DEMA for the second trade in a row recorded a breakout above its crucial resistance level of 10450. It made a bullish candle on the daily candlestick charts.
However, the market breadth the bears as only 582 stocks advanced with 881 stocks declining on the NSE which triggers cautions even though the index closed above its crucial resistance level of 10450.
Investors are advised to stay long with a strict stop loss below 10395, and if Nifty closes above 10500 which is its key resistance level that the rally could extend towards 10630, suggest experts.
The index which opened at 10410 rose to an intraday high of 10469. It did slip marginally below 10400 to touch its intraday low of 10395 before closing the day at 10458, up 41 points.
India VIX fell down by 1.09 percent at 14.56. VIX has to cool down to extend its positive momentum. On the options front, maximum Put OI is at 10300 followed by 10000 strikes while maximum Call OI is at 10500 followed by 10600 strikes.
