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Nifty Tips
Nifty Tips
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NIFTY FUTURE
Sensex closed 65.94 points down at 24,900.46, while Nifty 50 settled 18.10
points down at 7,597.Nifty retreated below the key 7,600-mark on
Tuesday on account of sustained selling pressure in healthcare blue-chips
amid mixed Asian markets. Besides, volatility ahead of March derivatives
expiry during the week impacted investor sentiments.
Technical views:
Nifty future closed at 7620.05 on Tuesday. Nifty closed below the 7700. nifty
may continue bullish trend further, next resistance for nifty may be 7950.
Technical views:
Bank nifty touch the new level of 16000 and consolidated
at that level ,some more range bound movement may be
seen in bank nifty above the level of 16000 bank nifty may
be show the level of 16400-16800.
USD/INR
The Indian rupee gained further in early trade Tuesday.
The currency has opened at 66.50 a dollar, up 8 paise
compared to 66.58 a dollar in previous session. currency
market has been fairly range bound in the holiday
shortened week, with the dollar-rupee currency pair trading
between 66.50-67 per dollar, with portfolio flows pouring in
but well supported at lower levels, keeping the pair in a
tight range. US dollar weakened against a basket of major
currencies while gold rose marginally.
USDINR STRATEGY R1 66.64 R2 66.70
Pivot Point 68.58
S1 66.49 S2 66.40
EUROPEAN MARKET
European markets finished broadly higher on Friday with shares in
London leading the region. The FTSE 100 is up 1.13% while France's
CAC 40 is up 0.92% and Germany's DAX is up 0.74%.
ASIAN MARKET
Asian markets finished broadly higher on Friday with Shares in
Hong Kong leading the region. The Hang Seng is up 1.18 while
China's Shanghai Composite is up 0.50% and Japan's Nikkei 225 is
up 0.32%.
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