Nifty Unable To Close Above 12100 Level From Past 2 Days
Yesterday Nifty opened at its highest level of 12137, but is struggling to close above 12100 from last 2 days as we can see profit booking. At upper levels Nifty has resistance of 12159 and is trading in a range of 12006 to 12159. However, if it breaks the support level of 12006, it would go further down and can take support at 11920.
On 5th Dec, RBI will announce its interest rate policy, it may further cut interest rate. This will be an important day as RBI announcement can also give direction to the markets.
From last 2 days, profit booking can be seen by FII and PRO. Yesterday they have created a short position of 36406 in Index Option.
On Global front, Asian markets retraced as fresh tariffs were announced by President Trump. Nikkei is down by 170 points from its yesterday’s close of 23529, currently trading at 23351. Hang Seng is 50 points down from its previous close of 26445. S&P 500 is 30 points down from its previous day close of 3140.
Almost all the major sectors ended on a negative note, while Telecom and Films were the only minor sectors which have risen more than 1%.
Top 5 performing companies were Himachal Futureuristic Communications (15.20%), Trident (8.53%), Jagran Prakashan (7.25%), Astrazeneca Pharma India (6.13%), and Godfrey Phillips India (4.82%).
Sector performance as on 2nd Dec, 2019
Small Cap Major & Minor Sector stocks Gainers as on 2nd Dec, 2019
Large Cap Gainers & Losers as on 2nd Dec, 2019
Mid Cap Gainers & Losers as on 2nd Dec, 2019
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