Gold fell to a two-month low on Thursday as stronger-than-expected US jobless figures pushed the dollar higher and sending investors rushing to sell on improving economic situation. Dalal Street might see a minor sell-off today.
Asian markets are trading mixed Friday morning
Reliance to dictate the future course
While technically Reliance Industries is looking weak, the quarterly numbers might set the tone for the equity markets in the short run. Wipro also reports today. Markets are trading extremely volatile and it is better for oneself to stay away from trading for the next few days till things get sorted out. We believe 5700-5800 is the place Nifty might take rest during the F&O expiry which is slated for next thursday