Benchmark share indices ended higher Thursday, amid a volatile trading session, led by banks after slump in food inflation to 4-year lows, rekindled hopes of rate cut by the central bank sooner than expected. The 30-share Sensex provisionally ended at 15,813.36 up 128.15 points or 0.82 % and the 50-share Nifty ended at 4,733 up 40.70 points or 0.87%.
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The stock remained range bound during the trading hours and ended up on a positive note. It is now facing a resistance at 896 and has support at 852. One should wait for sometime in stock till it consolidates for a while as it may remain volatile in this range.
The stock has a volatile trading session and closes on normal loss. As overall trend is bearish below the support level stock is looking weak.
The stock is currently trading with the upward movement facing strong resistance at the level of 446, which is likely to be crossed in the upcoming session after a short consolidation. Below the support level of 428 it may show negative biasness.