A morning walk down Dalal Street | Breakout above 11,856 necessary to put bulls back in charge
Episode 1152, May 06, 2019, 01:30 AM
The Nifty index closed weekly session at 11,712.25 levels, down by about 0.4 percent on a weekly basis. Now, a breakout above 11856 will take the index high while a break below 11699 could fuel further selling pressure.
From the political space, fifth phase of Lok Sabha elections will be held on May 6 for 51 seats across seven states. In this phase, the least number of constituencies are going for polls as compared to other phases.
On the macro front, Nikkei Service PMI for the month of April 2019 will be out on May 6.