View Full Version : Fresh buy momentum only above 8338, Caution advised at higher levels

06-21-2016, 04:56 AM

Nifty is expected to open 10 points gap down at 8242, as per SGX (https://www.dynamiclevels.com/en/sgx-nifty-future-index) at 8:20 am IST. The open interest data yesterday has shown buying in Futures and sell in the options segment signaling no trading bias in the markets. Nifty (https://www.dynamiclevels.com/en/nifty-share-price) might remain in a small trading range today.

International markets have discounted the threat of BREXIT but are likely to face resistance as they move towards weekly highs. S&P gave a correction of 20 points from yesterday's high of 2092. Markets are expected to stay in a range till the final results of BREXIT are out and if a positive outcome is seen we can see an upside rally of 2-3%.