Morning Release for 14 August 2018
Nifty remained negative for the second session and ended with a change of -0.65% at the levels of 11356. Nifty is expected to continue the downside with an immediate support of 11330-11300 and a resistance of 11385-11420.
Indian shares ended lower for a second straight session on Monday, led by financial stocks, such as, HDFC and HDFC Bank, while the rupee hit an all-time low against the dollar. HDFC Bank slipped 1.40% after its deputy managing director put in his papers on Friday, while State Bank of India shares shed 3.20% after the lender reported a wider-than-expected loss in the quarter ended June.
The broader NSE Nifty fell 0.65% to 11355.75. The BSE index ended 0.59% lower at 37644.90.
Pivot Levels for 14 August 2018