Nifty opened on a negative note at 9067.90 dropped by 0.42 percent while Sensex opened at 30822.78 decreased by 0.35 percent. Currently it is trading positive and consolidating in a range. It made a low of 9018.65 and high of 9121.40. The immediate support and resistance levels for Nifty are 8900 and 9300 levels respectively. On hourly chart, Nifty is trading in above the 8 days and 24 days simple moving averages. The RSI is trading at 53.80 level which indicates no sign of divergence. The overall market breadth is tilted in the favor of buyers as 913 stocks are advanced and 618 shares are declined. Among sectors, except auto, metal and FMCG all the sectors are trading in green with Nifty PSU Bank is up by 2.07 percent followed by Nifty Media up by 1.97 percent. The Indian currency market opened at 75.65 per dollar as compared to previous close of 75.52 per dollar.
Niftybank: It is opened on a gap down note at 17735.10 down by 1.00 percent and continue to trade in downward direction. It made a high of 17819.90 and low of 17424.30. The immediate support and resistance levels are placed at 17000 and 18250 respectively.
Stocks in Limelight:
RELIANCE: The largest investment firm in Asia KKR will be investing Rs 11,367 crore for 2.32% stake in Jio Platforms.
QUICKHEAL: The company reported profit at Rs 8 crores versus Rs 27.7 crore, revenue at Rs 64.25 crores versus Rs 86 crores YoY.
VST INDUSTRIES: The company profit at Rs 70.61 crores versus Rs 53.03 crores, revenue at Rs 350 crores versus Rs 294 crores YoY.
Result Today: Trent, Wabco India, Supreme Industries, BASF India, Bayer Cropscience, Godrej Industries, IDFC First Bank and JSW Steel.