Today( 19th Oct 2020) almost all Sensex stocks opened higher on
as investors went all out to buy amid renewed hopes of an early economic stimulus package from the US and a vaccine by year-end.
In the last 12 sessions, bluechip indices have closed in the red
for just one session, which outlines the one-way rally the
the market has seen. HDFC twins were the biggest positive
contributors during the first hours of the day. PSU stocks also
saw some buying and were among the top gainers.
"Nifty has good support at 11,650 and until we do not break
that, we are in positive territory. The resistance on the
the upside is at 12,050. If we are unable to move past either level
convincingly, we would be range-bound and trading in this zone
should be avoided. Stocks that look interesting for an up move
include Axis Bank, HDFC Bank, and Tata Steel," experts opinied.Some of the key factors for the rally are
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