Friday, 17 February 2017

Stock Market Today by Ripples Financial Advisory – 17th February 2017

Indian benchmark index Nifty yesterday closed at 8778 after making low of 8720. Nifty was up by 0.61%, the index opened at 8739 and made high of 8784. The index has taken support of its previous day low of 8713. Nifty is trading in a narrow range of 119 points from 8827 to 8708 in last 10 trading sessions. Bank Nifty is trading in a range of 460 points and closed at 20244 yesterday. The index has taken support 20164 and made a low of 20088.

SmallCap Index was up by 1.54%, the index closed at 6514 after making low of 6415. The Index opened at 6437 and made a high of 6520. The cash market has showed buying of 100 points after four days of continuous selling of 300 points from 6707 made on 9th Feb to 6399 low on 15th Feb.

Nifty Future is opening at 8827.75 as per SGX Nifty at 8:30 am IST, 42 point above its previous close of 8785.

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