View Full Version : Nifty to test its resistance zone at range high of 7950 - www.dynamiclevels.com

05-17-2016, 05:31 AM
Indian Market Outlook:
Nifty is to test its multiple resistances from 7940 to 7950. Nifty Open Interest (https://www.dynamiclevels.com/en/nifty/open-interest-nifty-future) data shows that, for the expiry, FII and Pro have sold 94957 contracts in the futures markets and 212731 contracts in the Index Options. Nifty (https://www.dynamiclevels.com/en/nifty/nifty-share-price) is expected to open 15 points up from the yesterday's close of 7887 as per SGX (https://www.dynamiclevels.com/en/sgx-nifty-future-index) at 8:45 am IST. International Market Outlook
Oil prices hit six-month highs on Monday on global supply outages. Asian shares recovered from two-month lows on Tuesday after a rebound in technology giant Apple Corp and oil price gains boosted Wall Street. S&P is also trading in a range of 50 points from 2080 to 2030. It might retest its resistance at range high of 2080. China will tighten rules on listed companies suspending and resuming trade by as soon as next week to crack down on cheating and improve market order as index compiler MSCI EM index considers adding Chinese shares to its emerging market benchmark.