Nifty’s immediate support at 15,660, could face resistance at 15,850

According to analysts, the low India VIX reading indicates stability in the market. However, if the 15,600 level is breached then the index could fall to 15,300 levels. Nifty fell 0.9% last week to 15,722.20 levels and underperformed all regional peers except the benchmarks of China, Hong Kong and Malaysia. Also, the Dollar Index (DXY) is heading higher towards the 93-93.5 range which should keep emerging markets subdued.

via Economictimes

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