Key equity indices extended their winning streak for seventh trading session and ended with decent gains on Monday, supported by positive global cues. The Nifty registered a gap up opening and surged in early trade. It hit an intraday high of 11,989 level in mid-morning trade. The 50-unit index pared gains in early afternoon trade. The Nifty managed to hold 11,900 throughout the session. The index firmed up once again in midafternoon trade and managed to close near 11,950 levels.
Global Markets
KPMG plans to cut about 65 of its 635 UK partners by Christmas following a review of individual performance. European shares touched their highest level in nearly two years on Monday on hopes that a U.S.-China trade deal could be in the offing, while a strong earnings report by Ryanair lifted Irish stocks to a oneyear high.The pan-European STOXX 600 index (STOXX) rose 0.5% to its highest since January 2018.
Nifty Chart
Nifty Index closed on positive note at 11941.30 on 04.11.2019. We recommend Buy near 11920-11940 with strict stoploss below 11900 for target 11970 and 12000 in Intraday. Nifty Support : 11900-11820, Resistance : 11990-12080.
