Trading Strategies
Heavy weight IT stock like TCS and INFY are looking weak in current levels, and metal sector also looking weak One should wait for sometime in sector till it crosses either side levels or trade with careful must be stoploss.
Market Review
Markets recovered smartly from the day's low on the back of an easing food inflation data. The NSE Nifty, after touching a low of 4639.10, recovered to a high of 4771.10. The index finally ended up 50 points at 4756.45. while BSE sensex closed on 15858.49 loss 158.52 points.
Nifty Outlook:
Nifty Resistance levels R1-4780, R2-4860.
Nifty Support levels S1-4680, S2-4580.
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