Indian Market Outlook:
Nifty had a quiet session yesterday with benchmark indices breaking previous day lows and reversing from there. Nifty is holding on the major support of 8550 and today State Bank of India and host of other PSU Banks will announce their Quarterly Results which will set the tone for the markets. Bank Nifty is also holding on to 18500 support and today being last trading day of the week huge volatility can be expected when results will be announced.
Top 5 gainers for yesterday were Eicher Motor, Idea, BPCL, Lupin and ITC.
Nifty Futures is expected to open at 8622 as per SGX Nifty at 8:20 am IST, which is at its previous close of 8622.
International Market Outlook:
International markets showed strong upsides with German Dax index making fresh weekly highs to close at 10720. US Index S&P Futures retested 2184 and is finding it difficult to generate momentum on the upside. Today Morning Japan Nikkei is showing a positive movement on backdrop of strong US markets.
Asian Nikkei and the Philippines Indexes are up 0.72% and 0.03% respectively.
Help From: Dynamic Levels
Nifty had a quiet session yesterday with benchmark indices breaking previous day lows and reversing from there. Nifty is holding on the major support of 8550 and today State Bank of India and host of other PSU Banks will announce their Quarterly Results which will set the tone for the markets. Bank Nifty is also holding on to 18500 support and today being last trading day of the week huge volatility can be expected when results will be announced.
Top 5 gainers for yesterday were Eicher Motor, Idea, BPCL, Lupin and ITC.
Nifty Futures is expected to open at 8622 as per SGX Nifty at 8:20 am IST, which is at its previous close of 8622.
International Market Outlook:
International markets showed strong upsides with German Dax index making fresh weekly highs to close at 10720. US Index S&P Futures retested 2184 and is finding it difficult to generate momentum on the upside. Today Morning Japan Nikkei is showing a positive movement on backdrop of strong US markets.
Asian Nikkei and the Philippines Indexes are up 0.72% and 0.03% respectively.
Help From: Dynamic Levels
Nifty Takes Support Of 8550, SBI Results Eyed Today
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