Nifty Outlook:- The domestic stock market traded
weak on Friday ahead of the imposition of retaliatory
duties on the US goods, as NSE Nifty ended with a
loss of 90.75 points 0.76 percent. We expect a soft
start to the week on Monday. Though mild
technical pullbacks cannot be ruled out, Nifty may
face selling at higher levels. While negotiating soft
pullbacks, the index has set a stage where it is
likely to complete its throwback by testing
supports that lie in the 11,740-11,760 zone.
Daily Chart:
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