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View Full Version : Rajan Keeps Policy Rates Unchanged, Nifty Trades In Range



DynamicLevels
08-10-2016, 04:25 AM
Yesterday, RBI governor Raghuram Rajan's last policy decision saw no change resulting in Nifty (https://www.dynamiclevels.com/en/nifty/nifty-share-price) trading in a range of 8650 to 8750. Nifty is resilient at 8700 levels but despite strong buying by the FII in both cash and derivative segment it is unable to cross 8750 levels. The bulls need a closing above 8750 to take Nifty to the next level. The support of nifty stands at 8660 which becomes a buying opportunity. Bank Nifty is trading in a range and big moves can be seen if it crosses 19200 on the upside or 18800 on the downside. The big trigger for the markets will be State Bank of India results to be announced on 12th August.Top 5 gainers were TATA Power, Zee Entertainment LTD, Infratel, Coal India and ONGC.

agrawalmadhuri154
09-09-2016, 09:48 AM
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