Stock cash tips :-
NIFTY FUTURE: R1:8064 R2:8104 R3:8150
PIVOT : 8018 S1:7978 S2: 7932 S3:7892
Market Update :-
The Indian stock market closed in the positive zone for the second consecutive session on Wednesday, Supported by positive Asian and European markets.Investors still expected sentiment to remain weak given continued worries about the economic impact from Narendra Modi’s action, with volatility expected ahead of the monthly expiry of derivative contracts on Thursday.Nifty ended the day at 8,033, up 31 points. A total of 6 stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE. Out of 1,883 stocks traded on the NSE, 371 declined, 1243 advanced and 269
remained unchanged today.The BSE Mid-cap Index is trading up 1.22% at 12043, whereas BSE Small-cap Index is trading up 1.51% at 11802. The India VIX was down 1.50% at 18.1875. The Rupee was trading lower at Rs. 68.50/$.Asian markets, Hong Kong’s Hang Seng and Shanghai Composite Index were marginally down, while Japan’s Nikkei was marginally up Nifty open upon Wednesday and shown choppy movementover the full trading hour’s .nifty trade near the level of 8000 today .above the level of 8550 bull trend will be seen in nifty future. Down side targets for nifty would be 7900-8000. next support level of nifty would be 7850.
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NIFTY FUTURE: R1:8064 R2:8104 R3:8150
PIVOT : 8018 S1:7978 S2: 7932 S3:7892
Market Update :-
The Indian stock market closed in the positive zone for the second consecutive session on Wednesday, Supported by positive Asian and European markets.Investors still expected sentiment to remain weak given continued worries about the economic impact from Narendra Modi’s action, with volatility expected ahead of the monthly expiry of derivative contracts on Thursday.Nifty ended the day at 8,033, up 31 points. A total of 6 stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE. Out of 1,883 stocks traded on the NSE, 371 declined, 1243 advanced and 269
remained unchanged today.The BSE Mid-cap Index is trading up 1.22% at 12043, whereas BSE Small-cap Index is trading up 1.51% at 11802. The India VIX was down 1.50% at 18.1875. The Rupee was trading lower at Rs. 68.50/$.Asian markets, Hong Kong’s Hang Seng and Shanghai Composite Index were marginally down, while Japan’s Nikkei was marginally up Nifty open upon Wednesday and shown choppy movementover the full trading hour’s .nifty trade near the level of 8000 today .above the level of 8550 bull trend will be seen in nifty future. Down side targets for nifty would be 7900-8000. next support level of nifty would be 7850.
NIFTY BANK OUTLOOK :-Bank nifty open up today and showing consolidation movement over the full market hour’s. Bank nifty on technical chart break the support of 19000, below that level next level for bank nifty would be 18200-18400. Above the level of 19300 upside movement can be seen. HDFC BANK (-1.11%) and BANK OF BARODA(-0.67%) is the top losers of the day Bank nifty Open Up at 18649.90,to its previous closing 18572.15 on Wednesday and touched high of 18650.00.bank nifty break the support of 19000,and made a low of 18471.00. if bank nifty not sustain at that level ,next level of bank nifty would be 18000-18200.On the other hand above 19300 ,new level forBank nifty would be 19600-19800.
The Indian rupee has touched 8-month low in early trade. It has opened at 68.36 against the US dollar, down 11 paise compared with previous settlement at 68.25 a dollar. a stronger Dollar index will continue to put pressure on the rupee for the day, as it is trading above the 101 mark. The dollar resumed its uptrend helped by a surge in US existing home sales last month that further cemented expectations not only of a Federal Reserve interest rate hike in December, but also of further tightening next year.
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