Morning Release for 21 September 2018
Nifty wrapped up the consecutive third day of trading session of the week on a negative zone with a change of -0.39% at the levels of 11234. Nifty charts are indicating a bearish move to continue with an immediate upside resistance of 11280-11338 and a support of 11200-11180-11150.
Indian shares gave up early gains to close lower on Wednesday, declining for a third straight session to their lowest close since late July, dragged by financials, such as, HDFC Bank Ltd. and Housing Development Finance Corp. as the rupee hovering near its record low spooked investors.
The broader Nifty fell 0.39% to 11234.35, while the benchmark Sensex declined 0.45% to 37121.22. HDFC Bank was the top drag on the Nifty, losing 1.40%.
Pivot Levels for 21 September 2018