NIFTY:- Equity Research Lab
NIFTY SPOT: 8236.45 (-2.34%) NIFTY FUT: 8220.00(-2.51%)
Equity benchmarks shed more than 2 percent after the Reserve Bank of India raised inflation forecast for January 2016 and Met Department cut monsoon forecast. The Sensex was down 660.61 points or 2.37 percent at 27188.38, and the Nifty fell 196.95 points or 2.34 percent to 8236.45. The Nifty witnessed a sharp sell-off post the RBI policy. Banking, auto and metals added more pain driving the index 200 points lower. The Nifty future discount widened and settled at 11 points. India VIX fell 0.5% to end at 16.82.
Daily Nifty Levels (SPOT):- R1: 8379.18 R2: 8521.92 R3: 8598.98
Pivot: 8302.62- S1: 8159.88 S2: 8083.32 S3: 7940.58
Daily Nifty Levels (FUT) - R1: 8368.95 R2: 8517.90 R3: 8596.90
Pivot: - 8289.95 S1: 8141.00 S2: 8062.00 S3: 7913.05
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