The market indices settled the Friday’s session lower as markets looked to settle down after the US Federal Reserve on Wednesday issued an outlook that was more hawkish than expected. The Sensex ended at 26,489, down 30 points, while the broader Nifty50 closed at 8,139, down 14 points.
Volatility and volumes were also on the softer side, with the year’s major events being over, which would mean that markets would now begin itself to position towards union budget. Dollars turn lower allowed markets to wriggle out of the tightening blues, but with Parliament’s winter session in a washout, stocks remained dripped with hardly any domestic cues to prop prices higher.
Nifty Tips And Trend
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 8170, 8200
SUPPORT: 8115, 8095
STRATEGY: SELL ON HIGH
BUY IGL FUTURE ABOVE 921 TARGETS 924.6 , 928.2 STOPLOSS 915.55
BUY HINDPETRO FUTURE ABOVE 428.5 TARGETS 430.5 , 432.5 STOPLOSS 425.5
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