Nifty Future Tips And Market Trend By CapitalHeight

Bank Nifty Market Trend

CH BANK NIFTY TREND –CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 17040

SUPP 2: 16850

RES 1: 17570

RES 2: 17850

Market Trend

         The market extended previous day's rally further in early trade Wednesday. The Sensex surged 225.78 points or 0.88 percent to 26004.44 and the Nifty climbed 71.35 points or 0.91 percent to 7914.65. Tata Steel, Vedanta, TCS, Hindalco Industries, SBI, HDFC and IndusInd Bank rallied 1.5-2.5 percent. 

          The Indian rupee gained 9 paise in early trade today. It has opened at 65.87 per dollar against previous close of 65.96. Pramit Brahmbhatt of Veracity feels reduction in FII inflows coupled with profit booking in local equities may pressure the rupee to trade weak. He sees range for today between 65.40-66.40/dollar.

• Indian mkts ended upside. Nifty and Sensex up by 0.61% and 0.63%
• Asia Pacific market mixed. Jakarta up by 1.39% & Nikkei down by 4.22%.
• Wall St. dwn. USD Core Retail Sales down to 0.1%. Dow future down by 187 pts.

          Indian indices remained volatile and closed on positive note as RBI lowered the repo rate by 50 basis points to 6.75 percent, while kept CRR and SLR unchanged at 4 percent and 21.5 percent, respectively. Sensex was up by 161 points at 25778 & Nifty up by 47 points to settle at 7843 level. European markets traded mixed.

For Nifty Future Tips & Market Updates visit atwww.capitalheight.com/nifty-future.php or call @ 0731-6615050; +91 9993066624