Nifty Fut last close – 8738.80.
As said yesterday, Nifty has entered into a minor bullish phase which is yet to take a full form. Nifty closed up by 73 points, indicating a strong buying in the last hour of market. What to expect from today ?
The above is the daily chart of Nifty fut.
Immediate support at 7 DEMA, 8704. Trend reversal into bearish only below 8645.
SGX Nifty currently at 8768, up by +30 points, indicating a gap up opening. Immediate targets for long positions are at 8791 –> 8839. Strong resistance at 8869.
Global Markets Update:
Nikkei 225 – 19423.99 (-13.01)
Hang Seng – 24135.02(+233.53)
SGX Nifty – 8768.00 (+30)
Stocks to watch out for – YesBank, SKSMicro, AxisBank, TataMotors, SSLT, CAIRN.
Usine de L'argent Securities 