Today market is dump after the superb rally on Tuesday,the rupee has staged a strong recovery after hitting the chock over the last few months, the suddenly turnaround has caught some by surprise, but it shoud not have.the rupee weakness relative to emerging market weakness is 7-10%, today Indian rupee was unchanged at 64.30 per dollar in early trade against previous session.
Yesterday nifty and sensex opened high but today sensex is down 100.50 points its previous closing point is 19,997.10 today opened low 19,999.77 while nifty down with 23.50 points its previous closing point is 5896.75 today it opened low 5887.25.
Nifty top losers–ONGC 2.03%, tatamotors 1.32, NTPC 1.26%, BHEL 0.1.08%, ICICI bank 0.99%.
Nifty top gainer–ACC 1.17%, Ambuja cements 0.27%, Bharti airtel 0.04%, DLF 1.89%.
Nifty trend and levels for today-
Nifty closed strongly at 5896 level, so today the 1st resistance is at 5935 and next resistance range is 5992.
while at down side the 1st support is at 5858 and next support is 5764.