Today INR worked as mood changer of market. The INR came at 1.5 lower level. The one dollar value crossed Rs 67 level. SENSEX and Nifty closed 2.5% down. SENSEX closed near 26800 while Nifty closed below 8300.
Midcap and Smallcap shares are under selling pressure. Selling increased in auto, Banking, FMCG, Metal, Infra, consumer durables, Oil and gas, Power and Realty shares. Bank nifty closed at 19740 slipped 2.3%.
Nifty November future closed at 8335.95 slipped 2.54%, touched high of 8475.50 and low at 8315.85. Open interest gain 10.43%, the index under selling pressure.
Asian market closed on mixed notes, European market started weak, US market open positive. Gold price declined in the domestic market.
“Tomorrow Indian market may start with positive note with slight volatility, ” Expert said
Nifty Resistance and Support for Tomorrow
Resistance 8372.25, 8395.14, 8418.06.
Support 8303.77, 8281.00, 8258.27.