Wednesday, 24 August 2016

See Nifty futures open at 8627: Dynamic Levels

Nifty Futures is expected to open at 8627 as per SGX Nifty at 8:30 am IST, which is 14 points below its previous close of 8641, says Dynamic Levels. 

Nifty in a narrow range before the penultimate day of August expiry

Indian Market Outlook: 

Nifty in August clearing has seen a loss in momentum and this clearing has traded in a narrow range of 200 Points, the lowest of 2016. Yesterday’s movement saw Nifty breaking previous day low of 8601 by ten points before a recovery of 60 points was seen during closing hours.

Bank Nifty is holding above the previous breakout level of 19200 to close at 19380. This close suggests that it can test 19500 in the next two trading sessions. FIIs have been net sellers in Index Options and Index Futures for consecutively second day.

Top five gainers for yesterday were Idea Cellular, Bank of Baroda, Infosys, HCL Technologies and TCS.

Nifty Futures is expected to open at 8627 as per SGX Nifty at 8:30 am IST, which is 14 points below its previous close of 8641.

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3 comments:

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