Morning Release for 25 May, 2018
Nifty remained highly volatile and turned bullish for the session, and ended the session with a change of +0.80% at the levels of 10513. Markets are expected to upside move with an immediate upside resistance of 10550-10580 and a support of 10480-10450.
Indian shares ended higher on Thursday as IT stocks, such as, Infosys Ltd. and Tata Consultancy Services Ltd. (TCS), gained on the back of a weaker rupee.
The broader NSE Nifty closed 0.80% higher at 10513.85, while the benchmark BSE Sensex ended 0.93% stronger at 34663.11. Nifty IT index ended 2.31% higher with Infosys gaining 2.96% and TCS firming up 3.31%. Financial stocks also advanced with HDFC Bank gaining 0.90% and Housing Development Finance Corp Ltd. ending 1.30% higher.
Pivot Levels for 25 May, 2018