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The Sensex ended with small losses while the Nifty ended almost flat amid negative global cues after US President Donald Trump stepped up his tough talk on trade. The barometer index, the S&P BSE Sensex, fell 45.03 points or 0.12% to settle at 38,645.07. The Nifty  50 index rose 3.70 points or 0.03% to settle at 11,680.50.
The indices opened lower, but bounced back in early trade. Indices once again slipped into negative terrain in morning trade and hit fresh intraday low in mid-morning trade. Indices came off day’s low and were trading with small losses in early afternoon trade. Indices traded in narrow range with small losses in mid-afternoon trade.
Domestic and global macroeconomic data will dictate trend on the bourses next week. Auto stocks will be in focus as the auto companies will start announcing monthly sales numbers for August 2018 starting from 1 September 2018.
On the domestic macro front, the government will announce data on second quarter gross domestic product (GDP) after market hours on Friday, 31 August 2018. The Indian economy expanded 7.7% year-onyear in the first three months of 2018, higher than a downwardly revised 7% in the previous quarter. India’s infrastructure output data for July 2018 will be declared after market hours on Friday, 31 August 2018. India’s infrastructure output rose 6.7% year-on-year in June 2018, following an upwardly revised 4.3% increase in May.
nifty levels 03.09.2018

Nifty Weekly Levels and Trading Strategy

Nifty Traders  may follow the below mentioned levels for 03.09.2018 to 07.09.2018

Buy above 11,700 for targets of 11,760/11,800

Sell below : 11,600 for targets 11,540/ 11,480

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/ trading decision. We hold no financial liability to any user on account of use of information provided on this website. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to execute the trades at the mentioned prices. Ace Investment Advisory hold’s no liability for any profit/ loss incurred whatsoever in this case.