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Nifty may face resistance around 10,930

3 December, 2018 9:34 AM
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Nifty may face resistance around 10,930

Dollar inflow is expected in India but the market may remain volatile.

The Indian equity markets remained strong in the expiry week to post a gain of 7.2 percent between the October and November expiries aided by dovish commentary by US Fed which led to rupee to appreciate below Rs 70 levels along with fall in crude oil prices.

Nifty managed to break out from 10770 levels and touched 10883. The Nifty formed a long bullish candlestick pattern indicating a positive sentiment. Immediate resistance was seen at 10883 followed by 10930 and support at 10490.


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