Key equity barometers ended with marginal gains after a volatile session on Friday. The Nifty opened higher but quickly pared gains in early trade. The index turned range bound and traded above 11,550 level in mid-morning session. Selling pressure intensified in afternoon trade as Nifty briefly slipped below 11,500. The 50-unit index regained momentum in mid-afternoon session and regained reclaimed 11,600. Fresh selling in last half hour dragged the index near the flat line.
Global Markets
Larry Page’s “city of the future” is closer to approval in Toronto after two years of controversy threatened to scuttle the project.U.S. Stocks were higher after the close on Friday, as gains in the Technology, Basic Materials and Oil & Gas sectors led shares higher.The Dow Jones Industrial Average gained 0.57%, while the S&P 500 index added 0.41%, and the NASDAQ Composite index added 0.70%.
Nifty Chart
Nifty Index closed on positive note at 11627.15 on 27.10.2019. We recommend Buy on dip. Nifty Support : 11580-11530, Resistance : 11680-11720.
