NEWS INSIGHT
- Sensex posts worst weekly fall in 2015; down 945 points
- Court grants bail to RSPL officials in coal scam
- BSE to auction g-secs worth Rs 893 cr for FIIs
- SAT rules in favour of DLF; quashes order by Sebi via 2:1 majority
- Tyre stocks slip 3% on import duty hike report
- HSIL cracks 4% after approving QIP @ discount
- Suzlon undervalued vs Inox Wind IPO on P/S ratio
- Gold snaps 8-day losing streak; above $1,150
NIFTY ANALYSIS
- Positional Support for NIFTY 8572
- Positional Resistance of NIFTY is 8900
- Immediate resistance for NIFTY is 8780
- Intraday Support of NIFTY is 8631
- Oscillator Analysis Nifty has taken closing below the 21 days EMA. Global market is also facing high selling pressure ahead of US rate cut expectation. Nifty open in green on Monday with volume should be considered as buying opportunity for investors until the support at 8600 is not broken.
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