Tuesday, 27 August 2013

Nifty fell down wednesday trading session, the index dropped 100 points due to weak global cues, Crude oil price hike and weak Indian Rupee against dollar.
Nifty August Future traded at 5179.95 down 104.85 points, Open interest change 4.45%, Cost of carry slipped. Nifty Call Option slipped 47% and Put option traded 329.52% higher.
Trading cues are weak, high selling pressure, trend is negative. Market is volatile. According to market analyst Indian shares are expected to trade in range with a negative bias on wednesday.
Nifty Resistance 5212, 5249, 5270 and Support 5155, 5134, 5097.


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