See Nifty Futures Open at 8675

Indian Market Outlook: 

Nifty after a gap up opening yesterday, saw profit booking. Nifty August Futures is unable to breach
8750 and profit booking is witnessed from these levels since past few trading sessions. Market heavyweights like banks and Reliance Industries have been underperforming since past few trading sessions. Small Cap Index also witnessed profit booking from its all time high of 6172 to below its two days low of 6073 and made a low of 6039 before closing at 6089. FIIs are still net buyers in the Index Futures and the cash segment. This fall should be considered as a buying opportunity with three day low of Nifty at 8619 which will act as an strong support. 

However, for the next big up move spot nifty has to sustain above 8650 for a trading session.

Top five gainers were HSL Tech, TCS, Tata Steel, Hindalco Industries and Grasim Industries.  

Nifty Futures is expected to open at 8675 as per SGX Nifty at 8:30 am IST, which is 7 points below its previous close of 8682. 

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Nifty News & Trends Today

               Sensex crashes over 450pts, Nifty below 7700

The market has once again opened lower. The Sensex is down 146.17 points or 0.6 percent at 25618.61, and the Nifty is down 48.75 points or 0.6 percent at 7774.25. About 229 shares have advanced, 434 shares declined, and 30 shares are unchanged. Cipla, Infosys, Lupin, Wipro and ONGC are top gainers while M&M, Axis Bank, Vedanta, Dr Reddy's Labs and Tata Steel are major laggards in the Sensex. The Indian rupee gained 9 paise in the early trade. It has opened at 66.15 per dollar against 66.24 a dollar in previous session.

                               Nifty Market Trend

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7735

SUPP 2: 7670

RES 1: 7865

RES 2: 7930

                 Sensex drops over 500 points, Nifty below 7,700;

The S&P BSE Sensex plunged over 500 points in trade on Friday tracking muted trend seen in other Asian markets. The fall in
the index was led by losses in HDFC, HDFC Bank, ICICI bank, and Axis Bank.
The 50-share Nifty index slipped below its crucial psychological support level of 7,700, and was now trading around its next crucial level of 7,750, weighed down by losses in auto, banks, metal, and realty stocks.

                           Indian Rupee Update

The Indian rupee gained 9 paise in the early trade on Friday. It has opened at 66.15 per dollar against 66.24 a dollar in previous session.The range today is seen between 66.15-66.45/dollar

Call our 24/7 Customer Care Support us at 0731 – 6615050 And you can also visit our site www.capitalheight.com/nifty-future.php for knowing our Nifty Future Tips, Nifty Trading Tips and Nifty Tips Trial with their accuracy with details.

Nifty Market Future Tips & Trends

Nifty Market Trend

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7665

SUPP 2: 7570

RES 1: 7785

RES 2: 7860

Indian Rupee Update

The Indian rupee has opened lower by 6 paise at 66.25 per dollar on Thursday against previous day’s closing of 66.19.With RBI presence in the market, USD-INR is expected to trade today in a range of 66-66.40/dollar.

Sensex soars over 200 pts, Nifty reclaims 7800; BHEL up 2%
The market is surging ahead firmly as the Sensex is up 263.07 points or 1 percent at 25716.63. The Nifty is up 86.60 points or 1 percent at 7803.60. About 1303 shares have advanced, 358 shares declined, and 40 shares are unchanged. Tata Motors, Tata Steel, M&M, Hindalco and ICICI Bank are top gainers while HUL, Coal India, TCS, GAIL and Lupin are among laggards. Meanwhile, monsoon rains are likely to be below the prior forecast of 88 percent of the long-term average, the weather office chief   said, which could make it the driest year since 2009 and worsen rural distress by cutting farm output. Sensex up over 250 points, Nifty tests 7,800; Jet Airways gains 3%

The S&P BSE Sensex surged over 250 points in trade on Thursday following positive trend in Asian markets.
The 50-share Nifty index also was testing its crucial psychological level of 7,800.
The gains on the benchmark indices were led by index heavyweights such as HDFC Bank, HDFC, ICICI Bank, ITC and L&T.
The overall market breadth was positive, with xx out of every 10 BSE stocks quoting in the positive terrain. 

Call our 24/7 Customer Care Support us at 0731 – 6615050 And you can also visit our site www.capitalheight.com/nifty-future.php for knowing our Nifty Future Tips, Nifty Trading Tips and Nifty Tips Trial with their accuracy with details.