Nifty Ends Week On A Positive Note, Can The RBI Power It To 10950?

India’s benchmark Nifty traded in a narrow range of 67 points between 10771 and 10837 approx today. The index took the support of 10770 and closed at 10822 ahead of the RBI’s board meeting scheduled for today. In today’s board meeting, PSU’s might request the new RBI Governor to relax the rules related to the identification of NPA’s. 

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British PM Sets Off For Brexit Negotiations, Will Nifty Test 10750?

India’s benchmark Nifty witnessed a sharp downside move of 105 points in the second half of trading today. The index dropped down to 10777 before closing at 10820 approx. Markets might witness further volatility tomorrow as British Prime Minister Theresa May is heading to Brussels today to negotiate Brexit proceedings.

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RBI Governor Expected To Take A Dovish Stance, Will Nifty Hit 10900?

India’s benchmark Nifty witnessed an upside rally of 210 points and closed well above 10750 today. The surprise bull run was triggered by expectations that the new RBI Governor is likely to keep lending rates low. In today’s trade Nifty took the support of yesterday’s closing price of 10583 approx. Going forward, the index is likely to find support around 10720 approx.

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Congress Sweeps Key States, Will Nifty Hit 10700 Tomorrow?

India’s benchmark Nifty bounced back 230 points and closed at 10583 intraday as the Indian National Congress looked all set to clinch victory in the three major states of Madhya Pradesh, Rajasthan, and Chhattisgarh. The index witnessed a strong reversal from the crucial support zone of 10333 today. The bigger question is whether Nifty will scale up to 10700 tomorrow.

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Nifty Falls To 10500 Ahead Of Election Results, Will It Drop To 10400 Tomorrow?

India’s benchmark Nifty plunged 247 points from Friday’s close of 10747 approx. The index faced stiff resistance around the day’s high of 10597 approx. The trend of the market will continue to be sell unless Nifty trades above 10774 approx. Going forward, Nifty will face resistance around the 50 DMA (10586 approx). 

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