Major Index companies to declare their Q3 results are Maruti, Sun Pharma, NTPC, CIPLA

Major Index companies that will declare their Q3 results include Maruti, Sun Pharma, NTPC, CIPLA among the key global data to watch for is European Monetary Union unemployment rate, European Monetary Union retail sales, US initial jobless claims, US farm and Non farm payrolls and US employment rate.
Nifty witnessed selling pressure post RBI rate hike. Foreign funds have been net sellers on Thursday (1,651 crores) while not much buying came in from DIIs to support the market.
Nifty has closed below 200 days SMA which was placed at 5610 levels suggesting weakness and any bounce may see fresh selling pressure, it has immediate support at 5480 breaching below which it can test 5350 On the higher side, 5630 and 5740 are strong resistance levels for the week ahead...