Indian Stock Market looked weak session today, Get our Expert tips

Indian Stock Market looked weak session today due to Falling of INR against US$ and weak Asian market. Nifty August future traded weak slipped 2.87% or 164 points. Nifty facing high selling pressure, touched 3 month low today.

Market is highly volatile and in bearish trend, All sectoral index declined. IT sector strengthened in morning session but slipped at 11:30 am due weak market.

In option Current strike price 5500 is on ging, Call option traded 43% down and Put option traded 112% up. Open interest trend raised, RSI near 30 showing weakness in market.

Nifty August future has strong support at 5514.25-5371.35 and Resistance at 5657.15- 5800.05.

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Posted in: Nifty Future Tips,Nifty Tips