Indian equities bounced back quite sharply Thursday, tracking recovery in global markets on hopes that the Federal Reserve may not scale back its USD 85 billion monthly bond purchases program after downward expectations of US GDP.
The BSE Sensex is up 180.75 points or 0.97 percent at 18732.87, and the Nifty is up 57.50 points or 1.03 percent at 5646.20, but the broader markets gained just 0.6 percent.
Meanwhile, the Indian rupee recovers to 60.52 per dollar Thursday from record low closing of 60.71 per dollar on Wednesday after the Reserve Bank of India announced current account deficit a day earlier.
Our market research based on Money CapitalHeight Research Pvt.Ltd. is a financial advisory Company provides Nifty Tips, Stock Future Tips, Commodity Tips, Intraday Tips, Equity Tips, etc. traders can find the latest news including live calls with 80 to 90% accuracy with enough time. Below are the levels of Nifty & Bank Nifty.
Live Nifty and Bank Nifty Levels:
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5550
SUPP 2: 5485
RES 1: 5680
RES 2: 5725
CH BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 11040
SUPP 2: 10900
RES 1: 11450
RES 2: 11710
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