Indian market continued their upward journey on Friday and ended higher for the second consecutive day. It was a great beginning for the September series as benchmark indices rallied over 1% on short covering and fall in crude oil price. Indian currency also boosted the market sentiments by rebounding from its intraday low on Friday. Among the sectoral indices, rally led by the sectors like Healthcare, oil & gas, FMCG, technology and banks stocks saw buying interest while the metal stocks lost their shine.
Support for Nifty at 5430-5400 and resistance at 5500-5520.
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Support for Nifty at 5430-5400: SMC Global Securities
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