The BSE benchmark Sensex today plunged over 365 points on heavy selling triggered by a steep fall in domestic industrial growth and weak trend in global markets on renewed concerns of euro-zone debt crisis. The 30-share BSE Sensex dropped 365.23 points, to close at 16,501.74. The 50-share NSE Nifty has managed to hold the 4900 mark amid sell-off, though it lost 112.65 points, to close at 4,948.80. So the result is trading sentiment turned bearish as the country's industrial growth fell to a meagre 3.3 per cent in July as against 9.9 per cent in the same month last year.
It may be more bearish if it break the support level of 4,900 else it will be bullish tomorrow.
Technical Levels in Nifty for Tomorrow-
RESISTANCE : R1 : 5,020, R2 : 5,100.
SUPPORT : S1 : 4,860, S2 : 48,00.
Do you like this article? Share It!
My Blog List
-
-
9th September Free Stock Tips: Stock in News7 years ago
