Nifty positional resistance and support for 2 December 2014

If we talk about nifty future is currently in bullish trend. Yesterday the trend was strong bear. Nifty now trading at 32.35 or 0.38% at 8523.55.

Positional Support for NIFTY 8462 8431 8330 8162 8134 8106 7956 7378 and positional Immediate resistance for NIFTY is 8640.

Shares in rate sensitive sectors such as banks, realty, capital goods slip in trade on Tuesday, ahead of the Reserve Bank of India (RBI) policy monetary meet due later today.

Cipla Ltd BUY  call with a target of Rs 648 and a stop loss of Rs 620.

The Indian rupee opened flat at 61.99 per dollar on Tuesday as against previous day’s closing value of 62.02 a barrel.