Wednesday, 28 December 2016

Nifty Future to open at 8035, gain of 11 points

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The Indian benchmark index Nifty saw sharp buying in the last hour of trading yesterday. The Index rallied by 120 points, propelled by DII buying at support levels. Nifty made a low of 7894 day before yesterday. Today the SGX Nifty is opening around the same levels and if these levels are crossed then bulls will have the upper hand in the market. Banking and midcap stocks saw sharp buying with Bank nifty moving up by 200 points in the last hour of trading. Nifty Future is opening at 8035 as per SGX Nifty at 8:30 am IST, 11 points above its previous close of 8024.

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