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MCX SUPPORT & RESISTANCE LEVEL (4 SEP 2018)

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Choppiness seen on D-Street! Sensex recovers after sharp fall, Nifty around 11,550

The Nifty is trading around 11,550 now, even as weak rupee and high crude oil prices are weighing on other sectoral indices. The rupee’s record low moves are boosting stocks in the IT space, with the Nifty IT index surging 2 percent now.

There is some choppiness visible in the market, as they are currently off their low points again. The Nifty is trading around 11,550 now, even as weak rupee and high crude oil prices are weighing on other sectoral indices. The rupee’s record low moves are boosting stocks in the IT space, with the Nifty IT index surging 2 percent now.

HDFC twins, Reliance Industries, Infosys and TCS are fighting it out for the bulls. ITC, Kotak Mahindra Bank and HUL are a drag on the indices.

The Sensex is up 49.09 points or 0.13% at 38361.61, while the Nifty is down 1.20 points or 0.01% at 11581.20. The market breadth is negative as 734 shares advanced, against a decline of 1,282 shares, while 95 shares are unchanged.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-choppiness-seen-on-d-street-sensex-recovers-after-sharp-fall-nifty-around-11550-2913301.html

Choppiness seen on D-Street! Sensex recovers after sharp fall, Nifty around 11,550