Nifty Future Tips And Market Strategy

Indian Rupee Update

The Indian rupee rose in the early trade on Monday. It has opened higher by 14 paise at 66.40 per dollar against Friday’s close of 66.54.We expect a range of 66.25-66.55/dollar for the day.

Bank Nifty Market Trend

CH BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 16440

SUPP 2: 16050

RES 1: 16970

RES 2: 17350

 Market Update

The market has opened flat on Monday. The Sensex is down 30.66 points at 25579.55 and the Nifty is down 13.00 points at 7776.30. About 429 shares have advanced, 204 shares declined, and 34 shares are unchanged. Tata Steel, Wipro, Sun Pharma, TCS and HUL are top gainers while ICICI Bank, Infosys, Reliance, Vedanta and HDFC are early losers.
The Sensex is down 4.85 points at 25,605.36, after rising to 25,706.00 earlier. The Nifty is down 3.60 points at 7785.10

• Indian mkts ended down. Nifty up by 0.02% & Sensex down by 0.05%
• Asia Pacific market mixed. Nikkei down by 0.19% & KOSPI down by 1.07%.
• Wall St.Flat.USD ISM Manuf. PMI down to 52.7.Dow fut. down by 102 pts.

Indian broad indices showed mixed movement and closed on negative note. On sectorial front Infra, Media and Auto were up while Metal sector traded downside with 1.52%. Sensex was down by 11 points at 25610 & Nifty future declined by 23 points to settle at 7785 level. European markets traded downside.

The dollar, euro and yen all got off to a slow start with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade.

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