The market may edge higher in early trade tracking mostly higher Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 7.50 points at the opening bell. A latest domestic data showed Gross Domestic Product (GDP) increased at improved pace by 4.8% in Q2 September 2013.
The CNX Nifty Index increased 0.4 percent to 6,199.45. The India VIX soared 5 percent.
The MSCI index of Asian shares ex-Japan is 0.2 percent higher, while the Nifty India stock futures traded in Singapore are 0.15 percent up.
The MSCI index of Asian shares ex-Japan is 0.2 percent higher, while the Nifty India stock futures traded in Singapore are 0.15 percent up.
Nifty & Bank Nifty Support, Resistance:
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6115
SUPP 2: 6030
RES 1: 6220
RES 2: 6285
CH BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 11160
SUPP 2: 10820
RES 1: 11360
RES 2: 11710
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