Thursday 18 February 2016

Nifty Technical Overview



LIVE: Sensex surges over 300 points on global cues, Nifty above 7,200; Jindal Steel gains
Sensex opened 154.60 points up at 23,536.47 on account of firm global markets. Nifty opened 68.95 points up at 7,177.40.
Indian Rupee Update
The rupee recovered from a 30-month low by rising 13 paise to 68.34 against the dollar at the
Interbank Foreign Exchange in early trade today on fresh selling of the US currency by banks and exporters. Sensex was up 337 points at 23,719. Nifty was up 98.35 points at 7,206.
Nifty Technical Overview:
Nifty futures opened with positive note but witnessed volatile movement and ended with positive bias in daily charts. Selling pressure seems to be there for coming sessions. If it sustains above the level of 7150 then upside movement may come otherwise downside movement will continue.
Bank Nifty Technical Overview:
Bank Nifty futures opened with positive note and witnessed volatile movement in range of 14500-14100 for the entire day. Bank Nifty future formed red candle in daily chart. If it sustain above the level of 14500 then upside movement may come otherwise downside will continue.


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