Yesterday,Sensex ended below 16000 mark for the day as higher than expected inflation data dampened the sentiment.European indices opened lower for the day and a fall in international commodities prices pushed the metal stocks lower for the day.Banking and the Auto stocks fell after the inflation data was announced.Rupee scaled new lows against the dollar for the day.
European indices ended down almost by 2% and US indices ended down by almost a percent and a half. USD gained against all the currencies sending the commodity prices to crash.
Hang seng opened negative today and is down by 2% for the day.Almost all the Asian indices are trading negative for the day.The only good news for the day is HSBC Chinese manufacturing PMI came at 49 compared to 47.7. Still it is trading below the 50 mark.Anything lesser than 50 is contraction.
Dollar index trades above the 80 mark.
Third Advance tax numbers to be announced for the day.
Alex sir's Nifty(spot) levels.
Support for the day is at 4693 and 4650. Resistances for the day is 4785 and 4820.
