Tuesday, 8 March 2016

Nifty & Bank Nifty Technical Overview

Nifty Technical Overview:
Nifty futures opened with positive note and showed consolidated movement with bullish sentiments for the entire day. It opened above the level of 7400 and sustained above it throughout the day. On coming session if it sustains above the level of 7400 and break 7480 then upside movement is expected.
Bank Nifty Technical Overview:
Bank Nifty futures opened with positive note and consolidated movement for most part of the day and slight bullish rally in later part. It sustained above 15000 levels and broke 15200 levels upside. If Bank nifty sustain above the level of 15200 and break 15450 then upside movement is expected.

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Bulls just managed to win the fight with bears on Friday as equity benchmarks closed marginally higher amid consolidation, continuing upside for fourth consecutive session. Nifty future up 10 points at 7469.
The 30-share BSE Sensex up by 39 points at 24646. The market breadth was strong as about 1509 shares advanced against 1109 declining shares on the BSE.
Hyundai Motor India Ltd (HMIL) today raised prices of its vehicles by up to Rs 82,906 across models on account of new levies announced in the Union Budget.
he Supreme Court today refused to offer any interim relief to telecom companies in their plea against the call drop penalty that has been imposed on them by regulator TRAI.

1 comment:

  1. The technical & fundamental analysis are the main factors in generating trading tips. Epic Research also provide tips by analyzing the market.