Nifty to trade between 8100-7950: Indira Securities

Written By Unknown on Kamis, 18 September 2014 | 10.54

According to Indira Securities, market likely to trade in the range between 8000-8100 in the upper side and 7950-7860 in the lower side.

Indira Securities' technical report:

Equity benchmarks managed to recoup some of losses (seen in previous two sessions) on Wednesday following upside in global peers on reports that Federal Open Market Committee (FOMC) may keep low rates till June 2015 and on likely stimulus for China's top banks. The 30-share BSE Sensex climbed 138.78 points to close at 26631.29 and the 50-share NSE Nifty rose 42.60 points to 7975.50. The broader markets too gained with the BSE Midcap and Smallcap indices rising 0.3 percent each.

For today's trade market likely to trade in the range between 8000 – 8100 in the upper side and 7950 – 7860 in the lower side.

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To read the full report click here

To read the full report click here


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