Market News: The global uncertainties have impacted the market sentiment. The Europe debt crisis is a concern not for Europe alone; with a probable chain effect causing serious problems. our markets are affected not only by global scenario but also because of deteriorating macros at domestic level, Food and fuel inflation remains a concern in the near term. High Interest rates and the rising commodity prices add to the woes.
Market Review: Today nifty closed at 4812.35 points up by 34 points while BSE benchmark Sensex edged up 119 points to 16,065.
Back in India, markets are likely to remain volatile for the next two days as traders roll over positions in futures and options segment on Thursday.
Nifty outlook:
Nifty future resistance levels: R1- 4850, R2- 4940
Nifty future support levels: S1- 4750, S2-4700
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