Nifty Today Outlook Showing  weakness in the European session

Nifty Today Outlook Showing weakness in the European session

Nifty Today Chart dated  11/12/2019 Zerodha Kite Platform 

Nifty Today Chart dated  11/12/2019

Nifty Started its way since the last day fall from the 12010 and trading near the current months low. Recently,so far the Nifty tried to attempt days high at 11943 where current rejection seen today.

Global Cues might affecting Nifty,

The General election of 2019 in Britain,Parties make last pitches on final campaign day. According to BBC “The party leaders are set for a frantic day of campaigning as they criss-cross the country to promote key messages ahead of Thursday’s general election.” So this may Impact Nifty and USD to INR as well.

USD to INR 

Facing a key hurdle over the levels of 72 and as Indian economy having no such  a threats  as pointed by MEA Nirmala Sitharamn.So,This Case showing the possible boost in INR. We will be watching next development in commodities as well. as the Gold showing down turn as the Lower interest rates and economic uncertainty boost the appeal of safe-haven assets like gold.

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