View Full Version : Strong Closing In Nifty, Might Retest Aug 15 High

07-20-2016, 12:29 PM
Nifty has witnessed sharp buying in the last 30 minutes of trade, yesterday after making a low of 8485, below its 5 days low. The up move holds significance as there was profit booking seen in the past few days. Markets are awaiting keenly with optimism and nervousness for the outcome of GST bill in Rajya Sabha. Wipro announced results yesterday after market hours which missed estimates for current quarter and have downgraded further earnings. Nifty (https://www.dynamiclevels.com/en/nifty/nifty-share-price) is expected to be positive today on the back drop of strong buying by FII over the past few trading sessions immediate resistance being at 8605.The top 5 gainers for Monday were BPCL, IDEA, ICICIBANK, POWERGRID and LUPIN.Nifty is expected to open at 8568 as per SGX Nifty at 8:15 am IST, which is 15 points gap up from yesterday's close of 8511.