Nifty Tips
Market today traded flat, trading was there all the day but Nifty gave closing at 5700. Our experts speak that since there is a correction in the market, traders should either have a short position or hold no position at all. "At this point we have a short position in the Nifty and that position could change tomorrow. But, we don't see the market actually giving big moves on the upside till either they remain in a trading range or they go through a correction.
Inflation Data Today :-
The much awaited inflation came in at 7.81 percent for the September, which was slightly higher compared to 7.55 percent in August due to hike in diesel price by Rs 5 a litre in last month. But that was largely in-line with analysts' expectations of 7.73 percent.
Nifty Trend Tomorrow : Support and Resistance Levels -
Nifty Support Levels :- Intraday support levels for the nifty is marked near 5635 and 5545.
Nifty Resistance Levels :- Resistance levels are near 5720 and 5805
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