Indian equity ended down 0.36% on yesterday. Weakness in
Indian rupee once again weighed on the markets. The rupee touched an alltime
low of Rs 60.34 per dollar today. Weakness was seen in Auto & Metal stocks
whereas the IT stocks provided some support to the markets At the close, the
benchmark 30-share index, BSE Sensex based NSE Nifty fell by -20.4 points or
-0.36% at 5588.7.
Nifty Tips : Nifty has managed to hold the crucial support
of 5,580 levels for couple of trading session and one can expect a short bounce
as most of the technical indicators remain in the oversold territory. There is
an immediate resistance at 5,670 levels on the upside and on adecisive close
above expect rise to 5,730 & 5,760 levels
Intraday Tips: The Bank Nifty faces immediate resistance
around the 11,180 levelson the upside and on a decisive close above expect rise
to 11,280 & 11,320 levels. There is an Immediate Support at 11,100 levels
on the downside.
For
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