Topic :- Inflation Update

Inflation at 11.89% vs 11.91% estimated 11.99%. Good signal for market.

Topic :- Closing Note

Ahead of inflation data nifty closed in red after 5 green closes. As mentioned in earlier posts that profit booking is expected from highs and same thing happened.

Topic :- Time-2.36 Pm

Nifty Spot above 4415 can zoom upto 4430-4445 once again. Nifty Spot below 4390 can once again see more selling pressure.

Topic :- Time- 1.32Pm

Nifty major support is 4438, It need not to be breaked if breached than more selling pressure will come.

Topic :- Time-1.27 Pm

United Phosphorous Q1 sales at Rs1299cr (up 54%) and profit at Rs148cr (up 100%) United Phosphorous approves 1:1 bonus issue

Topic :- Time-11.17Am

Nifty need to maintain above 4444 only then nifty can sustain upmove. Above 4444 it can touch 4460-4485 today only. Above 4500 Nifty can show more upmove

Topic :- Time-10.02 PM

Nifty if able to maintain above 4500 can touch 4530-4545 in short time and Nifty below 4480 can drift down to 4450 in short time. Profit booking expected from highs.

Topic :- Premarket Note

Nifty future good above 4198 and weak below 4152. Nifty will be range bound.