These day's everyday there seems to have some news to the market and today the expectation is on inflation rate and is also expected higher than before and is bad for the market.Yesterday nifty pulled up exactly at support level of 4535 and though Sentiments are looking very good today, inflation data release is a concern.If nifty moves above 4700 it will hit 4740 first and then tough resistance at 4785-4800 range.Higher levels will exert pressure again and on lower side, 4630 is support for today and if breaks that, then may go to 4570 support.Late afternoon session selling pressure might come due to inflation data release and is definitely expected higher this time.
Stock watch for the day:
Stock watch for the day:
Cirns: Watch this stock at higher levels and if doesn't cross 273, just short it for target 258-254
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