Nifty Levels will confirm the impact of GDP growth falling to 6-yr low at 5%
Pre-open Outlook(03-09-2019)
As negative surprise of GDP growth falling to 6-yr low at 5% in June quarter came after the closing of indian markets last Friday therefore Indian markets will firstly react on this negative news on next trading day i.e. 03-09-2019.
Although analysts were expecting GDP at 5.7% but it came much below it therefore indian markets will firstly react through weaker opening of Indian markets on 03-09-2019. As Nifty got supports and consolidated between 10875-10992 last Friday therefore firstly sustaining beyond this range should be watched for the confirmations of this negative news real imapact on Indian markets.