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View Full Version : Nifty to Continue Trading In a Range till Further Cues



DynamicLevels
07-08-2016, 12:42 PM
Nifty (https://www.dynamiclevels.com/en/nifty-share-price) is expected to stay in a trading range going forward. Small Cap has achieved its monthly target of 5972 and have shown signs of range bound movement. The global Indices too have entered a consolidation phase and would be waiting for the US jobs data later in the day today to decide on the further direction.

The dollar edged down against most major currencies in Asian trade on Friday but remained on track for a weekly gain, as investors awaited U.S. jobs data later in the session to see if the labor market is stronger than previous surveys indicated. The perceived safe-haven yen inched down, as investors pondered whether the Bank of Japan will decide to take further stimulus action at the conclusion of its policy meeting next Thursday, and what form such steps might take. The Asian markets remain in a range on Friday morning as well.