Nifty Market News and Trends Today

Market Outlook: Indian markets signals gap up opening on back of moody comments on Indian economy and recover seen in the Asian markets. The positive outlook on the rating reflects Moody's view that recent and proposed policies will stabilize inflation, improve the regulatory environment, increase infrastructure investment and lower government debt ratios. Tracking the momentum, the index may trade above level of 8000 in trade today, says Mehta Equities.

Market down: The market gave up early gains on profit booking as investors may be preferring strategy of "sell of rallies". The Sensex rose 3.89 points to 25745.45 and the Nifty advanced 8.40 points to 7817.40 amid consolidation. About 760 shares have advanced, 977 shares declined, and 55 shares are unchanged on the BSE. The broader markets slipped into red, down half a percent.
Markets edgy; Sensex, Nifty off day's high

Markets erase all gains after the 50-share Nifty index rallied over 100 points to reclaim its crucial psychological level of 7900, supported by gains in Pharma, IT, auto, consumer durable and metal stocks. Nikkei is trading at day's high, up 100 points. China's Shanghai Composite is down 4%.

Nifty Support & Resistance Level

NIFTY TREND: BEARISH

NIFTY SPOT LEVELS

SUPP 1: 7810

SUPP 2: 7670

RES 1: 7985

RES 2: 8115

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