
25-October
Markets likely to cheer the macro announcement and open above all time highs: Nifty managed to end above the psychological 10200 mark ahead of Finance Minister Arun Jaitley's press conference.
Technically, Nifty has again managed to come within touching distance of its previous lifetime high of 10251.85 and with the derivatives expiry for the month of October 2017 just one session away, we expect volatility to prevail in today's session as well.
The immediate supports for the index lies at levels around 10160-10140 below which 10100-10080 will act as next strong zone where some demand may come in. Whereas on the upside, the Nifty is likely to take immediate resistance around the lifetime high level of 10250-10270 crossing which a sharp up move towards 10320-10340 cannot be ruled out.
The market is likely to extend its current rally after the mega boost by the government, which has announced unprecedented PSU banks recapitalisation program of Rs 2.11 lakh crores.







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