Nifty Latest Updates:
The market opened on a positive note as the Sensex is up 27.80 points at 19467.28 while the Nifty is at 5866.65, up 7.65 points or 0.13%. About 342 shares have advanced, 108 shares declined, and 36 shares are unchanged. The Indian rupee opened marginally lower at 60.03 per dollar versus 60.15 yesterday.
The dollar is likely to strengthen further against the rupee amid risk aversion amongst investors after IMF cut global growth forecasts. The range for the day is seen between 59.82-60.52/USD.
Nifty hovering in the range of 5600-6000. He believes the decline in gold demand in June will shrink the trade deficit from USD 20 billion to USD 7-8 billion and will continue for the next two-three months.
Today’s Nifty & Bank Nifty Levels:
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5770
SUPP 2: 5685
RES 1: 5915
RES 2: 5980
CH BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 11275
SUPP 2: 11030
RES 1: 11610
RES 2: 11830
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