Indian Market Outlook:
Nifty was positive for the last week despite Friday's selling. The benchmark Nifty has a major support of 8790 which the Index is likely to retest in trading today. Nifty upside resistance remains at 8920. FII have been net buyers in both cash and F&O segment for the September series which should be considered positive for the bulls. NSE Bank Nifty has been underperforming compared to Nifty in the past one week. The important level for Bank Nifty will be 19840.
Nifty Futures is expected to open at 8803 as per SGX Nifty at 8:30 am IST, which is 40 points above its previous close of 8843.
International Market Outlook:
International markets remained positive for the week despite Friday's selling. S&P Futures closed at 2157 after making a high of 2173. The support for the Index remains at 2110-2120 levels while the resistance remains at 2191.
German Dax, which had the support at 10450 closed at 10600 with a positive uptick for the week.
In Asia Nikkei too gained 1.42% last week showing strength after the FED chair Yellen kept the dovish stance for the interest rate hikes.
Nifty was positive for the last week despite Friday's selling. The benchmark Nifty has a major support of 8790 which the Index is likely to retest in trading today. Nifty upside resistance remains at 8920. FII have been net buyers in both cash and F&O segment for the September series which should be considered positive for the bulls. NSE Bank Nifty has been underperforming compared to Nifty in the past one week. The important level for Bank Nifty will be 19840.
Nifty Futures is expected to open at 8803 as per SGX Nifty at 8:30 am IST, which is 40 points above its previous close of 8843.
International Market Outlook:
International markets remained positive for the week despite Friday's selling. S&P Futures closed at 2157 after making a high of 2173. The support for the Index remains at 2110-2120 levels while the resistance remains at 2191.
German Dax, which had the support at 10450 closed at 10600 with a positive uptick for the week.
In Asia Nikkei too gained 1.42% last week showing strength after the FED chair Yellen kept the dovish stance for the interest rate hikes.
Nifty To Witness Volatility As It Heads To F&O Expiry
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