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 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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