Research_4u
Anamika Rai
MARKET SUMMARY:
The Indian equity benchmark index nifty continues its losing streak for fifth consecutive session as weak China’s PMI data and accelerated WPI data supported the current weakness. The day was started on flat not and nifty remain range bound for entire trading session in range of 6180-6140 amid intraday choppiness; strength in rupee helps nifty to avoid any deeper correction after bad inflation data; at the end nifty closed at 6155 mark with cut of 0.22%.
Daily Nifty Trend :
Daily Nifty Levels R1: 6180 R2: 6210 R3: 6230
Pivot: 6160 S1: 6140 S2: 6120 S3: 6070
The Indian equity benchmark index nifty continues its losing streak for fifth consecutive session as weak China’s PMI data and accelerated WPI data supported the current weakness. The day was started on flat not and nifty remain range bound for entire trading session in range of 6180-6140 amid intraday choppiness; strength in rupee helps nifty to avoid any deeper correction after bad inflation data; at the end nifty closed at 6155 mark with cut of 0.22%.
Daily Nifty Trend :
Daily Nifty Levels R1: 6180 R2: 6210 R3: 6230
Pivot: 6160 S1: 6140 S2: 6120 S3: 6070