Stock Market Update 30-11-2018

Stock Market Update India
Indian Stock Market Update

Market Outlook

Federal Reserve’s dovish statement of putting an end to aggressive rate hike cycles in the coming days lead Nifty for a rally of almost 160 points from the previous day close. Index Manage to close above the Resistance bar of 10817-10830.

Nifty Closed on 10859 ( 30.11.2018)

Nifty opened on a gap note as by the support of dovish stance on upcoming rate cycles and Manage to made a high near to 10900. On the Technical front, Market finds support around 10810-10818 & Nearest upside possible 10960-10986.

Nifty Continuing its bull run for the straight fourth session, 10800-10820 seems to be the crucial level to watch out on downside. Once Index break 10800 their is high chance for a correction towards 10600.

“Those are in long positions strictly maintain stop loss around 10800”

F&O Ban Stocks: NIL

Key Event to Watch

Presidents Donald Trump and Xi Jinping plan to meet at the G-20 summit in Argentina that kicks off on Friday.