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Stock Market Today by Shailesh Saraf - Nifty to open 50 points gap down on higher Inflation
Indian market Outlook: India's core inflation has risen to 5.39% from 4.83% and the IIP figure has reduced to 0.1% from 2.0%, both negative for the market. FII have sold 118441 contracts in the futures markets and 344374 contracts in the Options market in the current expiry. Nifty is expected to open 50 points below yesterday's close of 7939 as per SGX at 8:30 am IST. Smallcap trend change confirmation level is 5089 and Nifty recent low was 7700. The level of 7912 continues to be a major resistance for Nifty in short term. Read More... goo.gl/HJFfuD
Stock Market Today by Shailesh Saraf - Nifty to open 50 points gap down on higher Inflation
Indian market Outlook: India's core inflation has risen to 5.39% from 4.83% and the IIP figure has reduced to 0.1% from 2.0%, both negative for the market. FII have sold 118441 contracts in the futures markets and 344374 contracts in the Options market in the current expiry. Nifty is expected to open 50 points below yesterday's close of 7939 as per SGX at 8:30 am IST. Smallcap trend change confirmation level is 5089 and Nifty recent low was 7700. The level of 7912 continues to be a major resistance for Nifty in short term. Read More... goo.gl/HJFfuD