Nifty Trend Level Today 8 may 2015—By Equity Research Lab

NIFTY SPOT: 8057.30 (-0.49%)                                        NIFTY FUT: 8075.35 (-0.57%)

The Sensex crashed 118 points or 0.44 percent to 26599.1and the Nifty fell 39.70 points or 0.49 percent to 8057.30. IT stocks gained on weak rupee. TCS, Wipro, Bajaj Auto, Coal India and TCS were top gainers. Among the losers were ONGC, Axis Bank, Maruti Suzuki, ICICI Bank and Hindalco. Dalal Street continued to be controlled by bears on further weakness in rupee and weak global cues. The Bank Nifty saw a sharp fall of 2.3 percent today and market breadth remained in favor of declines with the ratio of 1:3. The broader markets saw major fall compared to Bench- marks; the NSE Midcap and Smallcap indices declined 1.73 percent and 2.02 percent, respectively.

Daily Nifty Levels (SPOT)                                                                       Pivot: 8059.02

R1: 8120.88                                                                                                 S1: 7995.43

R2: 8184.47                                                                                                 S2: 7933.57

R3: 8246.33                                                                                                 S3: 7869.98

Daily Nifty Levels (FUT                                                                           Pivot: 8081.53

 R1: 8142.52                                                                                                S1: 8014.37

R2: 8209.68                                                                                                 S2: 7953.38

R3: 8270.67                                                                                                  S3: 7886.22

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