CHOPPY MOVEMENT
Nifty 8096 -19
Nifty declined despite smart recovery towards close and closed marginally below 8100 mark. Short term bullishness would be terminated only if it closes below 8025. Nifty spot is expected to encounter resistance at 8135, 8170 and find support at 8055, 8020 for Friday. While Global cues and Funds flow are expected to broadly guide the market movement, based on the present market position, market can be expected to be trade in a volatile and choppy manner with stock specifc movements.
The BSE Sensex today fell from life-time
high levels to end down by 54 points at 27,085.93 as investors booked
profits in realty, metal, capital goods, IT and banking stocks after a
nine-day strong rally.
Nifty
Nifty declined despite smart recovery towards close and closed marginally below 8100 mark. Short term bullishness would be terminated only if it closes below 8025. Nifty spot is expected to encounter resistance at 8135, 8170 and find support at 8055, 8020 for Friday. While Global cues and Funds flow are expected to broadly guide the market movement, based on the present market position, market can be expected to be trade in a volatile and choppy manner with stock specifc movements.
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