Given the current trend, Nifty is likely to open with a flat to negative note today and may have a support level at 4926.16. If went further down it can touch 4886.53 or even 4824.16 at the bottom level. An upward movement can pull up to 4988.53. If moved up further can test 5028.16 and 5130.16.
Dow Jones Industrial Average added 2.97% or 322.11 points at 11176.76. Nasdaq Composite rose 4.29% or 100.68 points at 2446.06. Standard & Poor's 500 advanced 3.43% or 38.53 points at 1162.35 after investors shrugged off a handful of disappointing economic news as investors will watch for signs of possible round of asset purchases at the Fed speech on Friday. Asian markets have opened in red after Moody’s cut Japan’s debt rating to Aa3. SGX Nifty has opened 25.50 points down at 4919.50, giving an indication for a negative start in the Indian stock markets too.
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