View Full Version : Stock Market Today by Shailesh Saraf 6th June 2016

06-06-2016, 09:18 AM
Indian Market Outlook:
Today the markets would eagerly wait for the RBI policy statement to be announced tomorrow at 11:00 AM IST. This would lead to a consolidation phase for the day. We recommend a buy in Nifty share price (https://www.dynamiclevels.com/en/nifty/nifty-share-price) at 8178 with a stop of 8150. The huge buying of FII and PRO in future and options suggests that 8336 are in the cards for Nifty in the coming days. SGX Nifty (https://www.dynamiclevels.com/en/sgx-nifty-future-index) is trading at 8243 at 8:35 am IST. Nifty is expected to open at same levels i.e. a gap up of 10 points. International Market Outlook
The US pay rolls data surprised the Investor expectation as it showed that the US economy added only 68K jobs in the last month indication the slowdown in the global markets thereby reducing the chances of any near term rate hike. However, the US indices are holding strong at 2100 levels. Asian and European peers hold steady. https://www.dynamiclevels.com/en/shailesh-saraf-stock-market-today-060616