Market
ended higher today but recorded their worst month this year in July as a tepid
results season, consumption slowdown and outflows from hurt sentiment. The
Nifty today closed up at 11118, while the Sensex ended higher at 37481. For
July, the Nifty was down 5.7%, its worst since September, while Sensex fell
4.9% to an eight-month low.
Nifty took support tad above the 11000 mark and recovered gradually for rest of the session to end above 11100. Now 11000-11975 is seen as immediate support whereas a pullback move could lead the index towards 11255-11325 range.
Nifty took support tad above the 11000 mark and recovered gradually for rest of the session to end above 11100. Now 11000-11975 is seen as immediate support whereas a pullback move could lead the index towards 11255-11325 range.
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Resistance: 11255, 11325
Support: 11000, 11975
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