Wednesday, 23 November 2016

Nifty futures to open at 8050, up 36 points

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Nifty Futures is expected to open at 8050 as per SGX Nifty at 8:30 am IST, which is 36 points above its previous close of 8014. Indian benchmark Index Nifty has taken support of 7925 levels to close at 8014 yesterday. The pullback yesterday in the last hour of trading is expected to continue today morning as well with SGX Nifty indicating a gap up opening at 8050. However, the overall trend of the market is down and this rally can be attributed to markets being oversold and correcting itself.

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