Bank nifty future ended with fresh all time closing high for second consecutive week after Bank of Japan surprise expansion of its massive stimulus program raised hopes for additional foreign inflows. Last week bank nifty closed at 17,146 with a high of 17,187 with percentage change of 4.02%. For this week bank nifty is having the resistance of 17400 and above this level next resistance of 17650 and in down side having the support of 17000 and next support of 16800.
BULLISH TREND BUY on dips till market closes below the level of 16550.
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The decline in gold and silver has risen once again. Because of the strength of the dollar into gold and silver is increasingly unable to survive. STOCK ALERT TIPS AND STOCK TOMORROW TIPS
ReplyDeleteThe market seems to be consolidating. The Sensex is up 7.78 points at 28016.68 and the Nifty is down 3.10 points at 8380.20.
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Indian markets are expected to correct more and was looking for some negative news, which it got in terms of bad CAD data for the first half of this year. Current Account Deficit is the negative difference of the Total Export and Import of the country. CAD came 2.1% of GDP versus 1.2% last year.
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