DAILY RESISTANCE FOR NIFTY:
7762, 7864, 8031, 8198
PIVOT POINT: 7697
DAILY SUPPORT FOR NIFTY : 7595, 7530, 7363,7196
DAILY CHAT FOR NIFTY:
WEEKLY RESISTANCE FOR NIFTY: 7944, 8224, 8660,9096
PIVOT POINT: 7788
WEEKLY
SUPPORT FOR NIFTY : 7508, 7352, 6916,6480
WEEKLY CHAT FOR NIFTY:
NIFTY THIS WEEK
Bear hug
dragged down domestic equity markets for the fourth consecutive week and to
their lowest levels in over a year on weak global cues coupled with China
slowdown fear and continuous selling pressure by foreign institutional
investors. Key benchmark indices plunged over 4 per cent during August 28 and
September 4.The Sensex lost 1,190 points at
25,201 for the week ended September 4. Nifty also dipped by 346 point at 7,655 during the same period.
Sensex
dives 563 pts, posts biggest weekly loss in 4 years.The Sensex crashed more
than 2 percent on Friday to end at lowest closing level since July 2014. The
sharp fall was mainly driven by consistent outflow of money on global worries.
There was also a caution ahead of US jobs data due later on friday, which will
decide whether Federal Reserve will hike rate or not. The Nifty saw worst
closing level since August 2014, down 167 points or 2.15 percent to 7655. The
Sensex plunged 562 points or 2.18 percent to 25201.