Morning Release for 26 Apr, 2018
Nifty remained sideways for the first half of the trading session, but showed dips and touched the low levels of 10536 and wrapped up with a change of -0.41% at the levels of 10571. Nifty is expected to remain sideways to bullish with high volatility expected on account of weekly expiry. Nifty upside resistance will be 106233-10650-10675 and support of 10550-10525-10480.
Indian shares closed lower on Wednesday, snapping a two-day winning run, dragged down by financials, such as, ICICI Bank Ltd. and HDFC Bank Ltd. amid weak global cues.
The broader NSE Nifty ended 0.41% lower at 10570.55, while the benchmark BSE Sensex closed 0.33% lower at 34501.27.
Pivot Levels for 26 Apr, 2018