Markets are now in consolidation mode and trading on support sides mainly due to profit booking since last three consecutive sessions and so ended the session with negative bias. Nifty future on daily charts has found constant crucial support around 8070 and is able to close above it. Pullbacks from supports are indicating strength in the index and any closing above 8150 may result in record highs i.e. above 8200 while support is seen in the range of 8070-8050.
TREND: SIDEWAYS:
SUPPORT : 8080 & 8050
RESISTANCE: 8150 & 8180
MARKET GOSSIPS:
- Sensex, Nifty end in red; IDFC gains Ranbaxy dips.
- Tata Motors dips after JLR reported weak sales growth in AUG.
- Sun Pharma dips after FDA inspected plant report.
- ONGC dips as govt. clears stake sale.
- IDFC moved higher as launches QIP issue.
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