Market
movement was completely bearish throughout the day. After opening at 8100 nifty
future slipped down due to losses in
bluechips tracking tepid China data and US rate hike fears, even as August
domestic inflation eased to nearly 5-year low. Today nifty
future started at 8100,it was the
highest level of nifty for today. Then after that nifty slipped down at 8048,
at the time of closing it tried to recover but was failed and nifty future closed
at 8058. Total 42 points was moved by nifty future throughout the day.
Tomorrow on Tuesday bulls will try to comeback
to their comfort zone of 8090- 8120, if they failed then bears will take nifty at 8020-8000 levels.
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RESISTANCE: 8050, 8080, 8110
SUPPORT: 8020, 7990, 7960
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