Nifty Futures to open at 8512, up 57 points
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Indian benchmark Index Nifty, after a closing below its monthly breakout level of 8506 last week, is likely to witness a pullback on the upside as positive news on US presidential elections came in today morning. Hillary Clinton, US Democratic Presidential Candidate and Wall Street favourite, has been given a clean chit in an email case which can lead to big gains in all global indices. India is expected to be a major gainer.
For Nifty Futures, 8520 level is very crucial, if market crosses it then bulls will be in control. FII have been net sellers in the cash and F&O segment in the past few trading sessions, now it is important to see if they change their view in next few trading sessions.
NSE Small Cap Index saw profit booking to close below 6200, below its two week low. Nifty Futures is expected to open at 8512 as per SGX Nifty at 8:10 am IST, which is 57 points above its previous close of 8455.
Indian benchmark Index Nifty, after a closing below its monthly breakout level of 8506 last week, is likely to witness a pullback on the upside as positive news on US presidential elections came in today morning. Hillary Clinton, US Democratic Presidential Candidate and Wall Street favourite, has been given a clean chit in an email case which can lead to big gains in all global indices. India is expected to be a major gainer. 
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