Morning Release for 27 Apr, 2018
Nifty showed dips till the levels of 10560 for the first half of the trading session, but immediately bounced back and on account of expiry session, the market remained highly volatile and managed to breach the 10600 level. Nifty finally wrapped up with a change of +0.45% at the levels of 10617. Nifty is expected to remain bullish with an upside resistance of 106243-10665-10703 and support of 10590-10565-10525.
Indian shares ended higher on Thursday, boosted by private lenders after Yes Bank’s fourth-quarter profit came in above estimates, but the gains were capped as broader sentiment was subdued on the day of expiry of derivatives contracts.
The benchmark BSE Sensex closed up 0.62% at 34713.60. Yes Bank shares gained more than 10%. Both the indices marked their highest close since Feb 5. The broader Nifty ended 0.45% higher at 10617.80.
Pivot Levels for 27 Apr, 2018