Accurate Technical News on Intraday Stock Market

Markets are pricing in a 25 bps rate hike from the RBI but any increase higher than that could trigger a selloff.

TODAY NIFTY & BANK NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6110
SUPP 2: 6035
RES 1: 6230
RES 2: 6310
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 11300
SUPP 2: 11025
RES 1: 11710
RES 2: 11920

LIVE STOCK MARKET NEWS

·         Shares of Tata Motors, ONGC, Coal India, ICICI Bank, Bajaj Auto, Ambuja Cements and IndusInd Bank were down 2.5-4.5 percent.

·         The Nikkei ended down 1.1 percent to 15,341.82 after slipping to a low of 15,255.36, the weakest since last Friday.

·         The case comes as an increasing number of users switch to cheaper Internet-based voice and video services, grabbing market share from telecoms operators.

·         Shares of ONGC, Tata Motors, BHEL, State Bank of India, GAIL, IndusInd Bank, BPCL and Bank of Baroda are top losers among largecaps in the Sensex, which lost between 2-3 percent.

Indian ADRs Report

·         Indian ADRs ended higher on Monday.

·         In the IT space, Infosys rose 2.37 percent at USD 55.66

·         Wipro gained 1.37 percent at USD 11.86.

·         In the banking space, ICICI Bank jumped 2.74 percent at USD 36.81

·         HDFC Bank added 1.5 percent at USD 34.61.

·         In the other sectors, Tata Motors was up 0.83 percent at USD 30.40

·         Dr Reddys Laboratories was up 2.47 percent at USD 39.45.

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