Date: 24.01.2012
Goldennifty analyzing team said, The BSE Sensex rose as much as 0.5 per cent early on Tuesday, with ICICI Bank, L&T.
Bank Nifty is gaining strength since last few weeks and has major resistance at 9950 while a fall below 9000 can reverse the current uptrend.
"Based on technical parameters as long as NSE Nifty trades above 5080, it will add fuel to the ongoing rally while a breach of 4950 level on the index could reverse the trend.
At 9:20 a.m., the 30-share BSE index was stock market trading 0.2% higher at 16,796.16 points led by gains in ICICI Bank Ltd (up 0.80%), L&T (up 1.8%) .
The broader 50-share NSE index was up 0.2 per cent to 5,060.45.
"Based on technical parameters as long as NSE Nifty trades above 5080, it will add fuel to the ongoing rally while a breach of 4950 level on the index could reverse the trend.
At 9:20 a.m., the 30-share BSE index was stock market trading 0.2% higher at 16,796.16 points led by gains in ICICI Bank Ltd (up 0.80%), L&T (up 1.8%) .
The broader 50-share NSE index was up 0.2 per cent to 5,060.45.
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