News On Demand
Markets again moved in the same trading zone and ended flat with negative bias on the back of weak European markets, another domestic macro event was WPI which stood in deflationary trend for successive fifth month. Nifty future managed to close above 8200 and further up move will find the 21 day EMA of 8340 as strict resistance and support is seen in the range of 8160-8120. The next major trigger for the markets are Land Bill and GST Bill to be passed by both the houses.
TREND: SIDEWAYS :
RESISTANCE : 8280 & 8330
SUPPORT : 8190 & 8140
* Market ends on a flat to negative note; Nifty holds 8200 amid volatility.
* April WPI inflation dips 6 straight months to -2.65% vs -2.33% in March.
* UPA Moviez listed at a discount, 4 percent below issue price.
* Arvind reported a 49% decline in Q4 profit at Rs 48.23 crore due to exceptional expense.
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