STOCK NIFTY TREND 15 OCTOBER BY TRIFID RESEACH

nifty-tipsMarkets started the week on a strong note and showed a modest rally despite if weak IIP and higher WPI Infaltion data and finally settled the volatile session on a flat note. Nifty future closed around the resistance of 6150 and if it is able to maintain above this then it may lead towards the resistance level of 6180 in the coming session. Now, 6100 is acting as major support breaching which nifty will find support in the range of 6090-6070.

TREND: SIDEWAYS

SUPPORT      :  6100 & 6050

RESISTANCE:   6180 & 6240

DAILY MARKET TREND

  •  Markets shrug off weak IIP, high inflation; Sensex ends up 0.4%.
  •  Sept WPI inflation at 6.46% Vs 6.1% (MoM).
  •   IndusInd Bank Q2 beats estimates, net up 32% to Rs 330 cr.
  •   TechM hits 6.5-yr high, RBI ups FII investment cap.

 

 

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