Indian Market Outlook:
Indian Market Outlook:
Nifty continued to trade in a range of 80 points on Friday after making a high of 8605 in the morning there was a correction of 80 points and Nifty made a low of 8525 suggesting some profit booking has come for the first time since the past five trading session. Today is a commencement of monsoon session of parliament and all eyes will be glued to Rajya Sabha on the tabling of the GST bill. Reliance result which came in after market hour beat market expectation.
The top 5 gainers for Friday were Tata Steel, Bharti Airtel, Idea, HDFC and HDFC Bank.
SGX Nifty, at 8:30 am IST, is opening 27 points gap up at 8581.
International Market Outlook:
First bout of profit booking was seen in the US market as we saw correction from the recent high of 2169 to a low of 2143 which was a correction of 25 points. However the uptrend is intact and the rally is expected to continue, as it is maintaining above its all time high of 2134. Other global market have also shown some profit booking after the strong rally and today morning Asian market are mixed with Nikkei being closed for a holiday.
Help From: Dynamic Levels
Indian Market Outlook:
Nifty continued to trade in a range of 80 points on Friday after making a high of 8605 in the morning there was a correction of 80 points and Nifty made a low of 8525 suggesting some profit booking has come for the first time since the past five trading session. Today is a commencement of monsoon session of parliament and all eyes will be glued to Rajya Sabha on the tabling of the GST bill. Reliance result which came in after market hour beat market expectation.
The top 5 gainers for Friday were Tata Steel, Bharti Airtel, Idea, HDFC and HDFC Bank.
SGX Nifty, at 8:30 am IST, is opening 27 points gap up at 8581.
International Market Outlook:
First bout of profit booking was seen in the US market as we saw correction from the recent high of 2169 to a low of 2143 which was a correction of 25 points. However the uptrend is intact and the rally is expected to continue, as it is maintaining above its all time high of 2134. Other global market have also shown some profit booking after the strong rally and today morning Asian market are mixed with Nikkei being closed for a holiday.
Help From: Dynamic Levels
Nifty Eyes 8650, Markets await GST
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