Tuesday, 28 June 2016

Expect Nifty to open gap down at 8070: Dynamic Levels

Nifty is expected to open 24 points gap down at 8070, as per SGX at 8:30 am IST, according to Dynamic Levels. 

Indian market Outlook: 

Nifty is expected to open 24 points gap down at 8070, as per SGX at 8:30 am IST. Today would be very crucial for the markets as the markets would be reacting to the UK downgrade and the Stimulus by South Korea.

International Market Outlook: 

The highlight yesterday was S&P downgrading the UK from a rating of AAA to AA and gave a negative outlook. This downgrade might affect the Europe. The International markets were falling yesterday on UK downgrade. The South Korean stimulus of USD 8.5 billion has resulted in Asian markets rising in the morning.

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