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Nifty Took Resistance Of Its Two Months High Of 10987
Nifty took resistance of its two months high of 10987. Markets reacted positively to the budget, as the headline fiscal deficit did not signal major slippage, but the technical level of 10987 is acting as the major hurdle for the markets. However if Nifty breaks 10987 level then the next will be 11170. Later this week RBI will review its bimonthly monetary policy.
U.S. non-farm payroll employment surged up by 304,000 jobs in January compared to economist estimates for an increase of about 165,000 jobs. U.S. markets ended mixed on Friday.
Asian markets are trading mixed this morning after data showed activity in China's services sector moderated in January.
The US 10 Year T-Note is trading at 121.96. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 95.395.
Sector Performance in the last week-
Sector-wise Small Cap Gainers in the last week-
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