Monday, 30 January 2017

Nifty Future to open at 8629, down 44 points: Dynamic Levels

Nifty Future is opening at 8629 as per SGX Nifty at 8:50 am IST, almost 44 points below its previous close of 8673, says Dynamic Levels. 

Markets To Remain Volatile With Trump’s Executive Order On Refugees

Indian Market Outlook: We expect markets to remain volatile today as Trump has passed an executive order banning refugees from seven Muslim dominated states from entering United States. With Finance Minister Arun Jaitley to announce 2017 – 18 Union Budget on February 1 (Wednesday), this week might turn out to be more eventfull then otherwise thought.

Moreover speculative movement is expected on UP election. First phase of election will start from February 11 and results will be declared on of March 15. RBI to announce its Monetary Policy on February 8, expectation of which will also have a major impact on the markets.

Federal Reserve to announce its monetary policy on February 1 midnight at 12.30. This may also affect the market movement.


Bull has shown strong control on Indian market on Friday, where Nifty rallied 0.45 percent and Bank Nifty rallied 1.21 percent. Nifty opened at 8611 and made a low of 8607, the index rallied to make high of 8673 and closed at 8641. FII’s continues to buy in cash segment in last three trading sessions. The immediate target for Nifty is 8745.

Bank nifty also participated in the rally on Friday and made a high of 19795 and closed at 19708, 235 points up from its previous day’s close of 19473. ICICI Bank has risen by 4.64 percent, which has 19 percent weightage in the Banking Index. The next level of Bank Nifty is 19862.

Important result to be announced today is Dish TV, Tech Mahindra, HDFC, Godrej Consumer, Grasim, Bajaj Finance.

Nifty Future is opening at 8629 as per SGX Nifty at 8:50 am IST, almost 44 points below its previous close of 8673.

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1 comment:

BIGPROFITBUZZ said...

BIGPROFITBUZZ
We are are going near to budget and market is building its expectation. It is moving forward with great momentum and breaking all possible resistances. Now the question is
Should we change the view, we know that this market can move on higher side but budget day will definitely be a surprise. In true sense market has already overdone.
Although we are expecting that it can hit 8740 in this process.NIfty made low of 8327 & high 8672,Closed at 8641.NIfty main RSI 8666-8688I f close above this then new targets
will be 8733-8822.But in next week some consolidation can take place till 8400.In long term From June 2014 to Dec 2016 Nifty trading range is 6800-9100.If any side it breaks with volume
in the present year then 11400 or 4500 can be possible.To check the accuracy of our call fill the trial form on the website.
www.bigprofitbuzz.com