Morning Release for 12 October 2018
Nifty after showing a recovery in yesterday's trading session, slid with a change of -2.16% and finally wrapped at the levels of 10234. Nifty is expected to continue the sideways to bearish with an immediate upside resistance of 10280-10350-10375 and a support of 10180-10168-10120.
India’s benchmark NSE Nifty is off to its weakest start to the October quarter since 2008 after a global sell-off on Thursday, which further dented investor sentiment just as the Indian economy enters its peak-demand festive season.
The NSE Nifty plunged as much as 3.07% to 10138.60, its lowest level since April 4. It closed down 2.20% at 10234.65.
Pivot Levels for 12 October 2018