Markets get cheerful start to financial year 2018-19; Nifty breaks above 10200.
Nifty open positive and witnesses sustain buying interest throughout the day. It managed to hold above 10141and headed towards 10222.
It traded above previous week’s close and if it continues to hold above 10222 to extend its move towards 10276 and then 10333 while supports at 10141 and then 10050.
If it crosses 10276 then short term negative trend become weak otherwise above level treat as resistance level and selling may emerge at higher zones.
Bank Nifty managed to hold above 24300 to extend its move towards 24500 and then 24750 while support at 24100 then 24000.