October 28, 2016

Sluggish global cues due to renewed SELL-OFF in crude prices May drag Indian market Thursday. Asian shares fell, reversing recent gains as investors took profits after wall street declined overnight, and oil prices tumbled on news of a surprising jump in US government stockpiles. The MSCI’S broadest index of Asia-pacific shares outside Japan. It hit a one-year High on Wednesday and has broadly outperformed the MSCI world index. Japan’s market are closed for a Holiday.

Nifty 50 trends- CONSOLIDATE

Resistance- R1 8650 R2 8720

Support S1 8510 S2 8440

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