Morning Release for 17 August 2018
Nifty showed a slight dip and wrapped up the session with a change of -0.44% at the levels of 11385. Nifty is expected to remain consolidate to moderately bullish with an immediate upside resistance of 11468-11488-11514 and support of 11420-11405-11380.
Indian shares closed higher on Tuesday on strength in financial stocks, such as, ICICI Bank and Yes Bank, and as market uncertainty following a slump in the Turkish lira receded. Sun Pharmaceutical Industries rose more than 6% after reporting a first-quarter profit that beat estimates on higher sales in the U.S.
The BSE Sensex closed 0.55% up at 37852. The broader NSE Nifty ended 0.70% higher at 11435.10.
Pivot Levels for 17 August 2018