Nifty closes weak

Market has closed weak and more importantly Nifty has closed below 4300.
Rate sensitive realty and banking stocks were clobbered. Weak Asian markets also weighed on the sentiment.
Inflation is at 13 yr high of 12.63%.Today’s weakness will continue tomorrow also.
Nifty has good support around 4150 to 4180 band.Markets to take support around these levels. Until then it is wait and watch mode.

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *