Indian Market Outlook:
The benchmark Index Nifty has been in the narrow trading range of 100-120 points in the past few trading sessions. Yesterday night Fed minutes of the previous meet was announced and majority of the members were against raising interest rates which will lead to positive opening today. Any big move can only be expected if 8750 and 8530 is breached on the upside or downside respectively. Bank nifty is showing positive gains as the new RBI governor is expected to be announced this week.
Top 5 gainers for yesterday were Tata Steel, Coal India, Auropharma, Heromotocorp and Tata Power.
Nifty Futures is expected to open at 8660 as per SGX Nifty at 8:35 am IST, which is 29 points above its previous close of 8631.
International Market Outlook:
International markets showed a pullback yesterday to close up as US Index S&P Futures rose from an intraday low of 2166 to close at 2180. S&P Futures is just 10 points away from all time high of 2190. German Dax gave a negative closing yesterday although it recovered 50 points from the low.
Asian Market, Nikkei is showing a range bound movement and is down by 0.2% from its yesterday's close.
Help from: Dynamic Levels
The benchmark Index Nifty has been in the narrow trading range of 100-120 points in the past few trading sessions. Yesterday night Fed minutes of the previous meet was announced and majority of the members were against raising interest rates which will lead to positive opening today. Any big move can only be expected if 8750 and 8530 is breached on the upside or downside respectively. Bank nifty is showing positive gains as the new RBI governor is expected to be announced this week.
Top 5 gainers for yesterday were Tata Steel, Coal India, Auropharma, Heromotocorp and Tata Power.
Nifty Futures is expected to open at 8660 as per SGX Nifty at 8:35 am IST, which is 29 points above its previous close of 8631.
International Market Outlook:
International markets showed a pullback yesterday to close up as US Index S&P Futures rose from an intraday low of 2166 to close at 2180. S&P Futures is just 10 points away from all time high of 2190. German Dax gave a negative closing yesterday although it recovered 50 points from the low.
Asian Market, Nikkei is showing a range bound movement and is down by 0.2% from its yesterday's close.
Help from: Dynamic Levels
Nifty To Witness A Gap Up Opening Due to Dovish FED Minutes
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