Tuesday, 24 January 2017

Bulls Regain 8400 In Nifty, Strong Support Seen In Emerging Markets

India’s benchmark index Nifty closed at 8391 on Monday, 40 points up from Friday’s close of 8349.The Index recovered from intraday low of 8327 and closed near day’s high after the announcement of Supreme Court rejecting the Plea to change the budget date from 1st Feb. Nifty Index has taken a support of its daily level of 8322. Bank Nifty remained flat today. It opened at 18762, made a high of 18910 and closed at 18842. The next resistance level of Bank Nifty is 19072 if Bank Nifty breaks 18910 levels. Buying was also seen in the cash segment, the Small Cap index too gained 55 points from its previous day close.

Indian benchmark index saw a positive day and sharp buying was witnessed from 8338 which was previous day low and markets closed at 8398 a overall positive day. Important results to watch out for today are HDFC BANK, M&M FINANCE,BHARTI AIRTEL,HCL TECH. Nifty Future is opening at 8432 as per SGX Nifty at 8:50 am IST,almost 22 points above its previous close of 8410.

For Equity and Commodity Market Trading view as http://www.ripplesadvisory.com/free-trial.php

No comments:

Post a Comment