Monday, 6 February 2017

Stock Market Today by Ripples Advisory – 6th February 2017

Ripples Advisory Private Limited, Indore @9303093093

India’s Benchmark index Nifty was positive throughout the week on the backdrop of positive budget policy announcements and follow up buying were seen even after the budget. Nifty traded in a narrow range of 40 points in its last trading session. Banknifty remained strong throughout the day on expectation of rate cut in the coming RBI Monetory Policy this week. Banknifty made a high of 20229 on Friday. The next level is 20310 above which the next target would be 20525.

Small cap index remained very bullish and made a all time high of 6588 on Friday.

Nifty Future is opening at 8811 as per SGX Nifty at 8:50 am IST, 54 point above its previous close of 8757.

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