The Sensex ended
with a loss of 263 points at 25,980. The benchmark indices opened at 26,224,
touched an intra-day high of 26,248 and low of 25,940.The Nifty was down 82 points and closed at
7,979. It opened at 8,044 points, hitting a high of 8,046 and low of 7,965. The Indian stock market plunged
for the seventh straight day, with the benchmark breaking key support levels,
as uncertainty over economic growth and corporate profits persisted. Investors
will keep an eye on the two-day Goods & Services Tax Council meet which
begins later in the day. The GST Council will discuss drafts of the model GST,
integrated GST and states' compensation bills. Technically, Nifty closed on a negative note at 7980 level .On downside first support Positional support for
NIFTY is 8037 and So on upside first positional Resistance for NIFTY is 8135 8168 8178 8254 8268
8348 8442 8495 8536 .
Intraday Support: of NIFTY are 8028 , 8001 , 7927 , 7908
Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis-The signal is SELL but NIFTY in oversold level.
TOP GAINERS: Asian Paints, ITC, Tata Motors, Infratel, Eicher Motors and ACC
TOP LOSERS: Hindalco,
Adani Ports, ONGC, Tata Steel, Bharti Airtel, IndusInd Bank
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