Nifty
7740 +13
While
Nifty closed in the positive, broader market was quite weak as
Advance Decline ratio stood at about 1:3.5. Realty, PSU
Bank stocks were the worst hit. While Nifty is bullish, Bank Nifty, a
major component of Nifty is quite weak. Nifty spot is expected to
encounter resistance at 7780, 7815 and find support at 7700, 7665 for
Thursday. While Global cues, Quarterly results and
Funds flow are expected to broadly guide the market movement,
based on the present market position, market can be expected to
face zigzag movements with crucial closing session in view of the
longer weekend.
No comments:
Post a Comment