The fall continued!!!! The Sensex on
Friday lost almost 39 points to close at over one-month low of 26265 while
broader Nifty held its crucial support level of 7950 to settle 115 points
down at 7954. Market breadth remained negative with 18 of the 30 Sensex stocks
ending the day in red. Disappointment over some results, including at Tata
Steel, also weighed on sentiment, but state-run lenders rallied after State
Bank of India recorded a better-than-expected 25 per cent rise in quarterly
profit. Markets think it will be hard for the Modi government to win Bihar
elections. That, coupled with somewhat in-line results, are weighing Investors will stay cautious ahead of Bihar
election verdict to be declared on Sunday, after exit polls on Thursday
suggested a neck-to-neck competition between the NDA and the Nitish Kumar-led
Mahagatbandhan.
Showing posts with label nifty tipd for tomorrow. Show all posts
Showing posts with label nifty tipd for tomorrow. Show all posts
Friday, November 6, 2015
Tuesday, September 24, 2013
NIFTY OUTLOOK FOR 25-09-13
Sell Hindalco future below 112 tg 110,108 sl 113.90
NIFTY
OUTLOOK FOR TOMORROW
Equity
markets were down everywhere Europe and American markets are down last night
and this morning our Asian peers are also trading in the red. The SGX Sep Nifty
was flat at 5911 on high volume activity but the bias of the price movement
there is downwards. Chances are we would open flat to marginally down in morning around the 5880-mark. What is crucial
during the day is the ability of the bulls to sustain the index above 5850-mark
for any sustained price movement below this level would act as a clear signal
for further weakness to come.
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