View Full Version : Nifty Holds Firm amidst Strong Global Cues

07-01-2016, 08:29 AM
The global markets are still holding strong on the backdrop of QE easing by Bank of England to be continued till end of September. Moreover, Standard and Poor have confirmed American outlook to stable which has boosted the market sentiments. However, Carney has also stated that the BOE would be considering policy easing over the summers. All these factors taken together have resulted in an overall strength in the global markets.

Nifty is expected to open 14 points gap up at 8340, as per SGX (https://www.dynamiclevels.com/en/sgx-nifty-future-index) at 8:35 am IST. Nifty (https://www.dynamiclevels.com/en/nifty-share-price) is expected to hold strong going forward as clearly indicated by the Smallcap which has given a break out above its 5 month high of 5758 with its next target at 5972.