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Thread: Nifty Making New 52 Week High, GST Major Trigger

  1. #1

    Nifty Making New 52 Week High, GST Major Trigger

    A fresh week saw Nifty outperforming its global peers with a breakout above weekly high of 8605, Nifty made a high of 8645 and the momentum was aided by Bank Nifty which rose sharply by 300 points to close at 18980.Market players are keenly awaiting the passage of GST bill which will be one of the biggest tax reforms in a decade, the positive sentiment is expected to continue today despite international markets weakness. Nifty trend is a buy and any correction today of 50 to 60 points should be used as an buying opportunity.The top 5 gainers are Bhel, Bank of Baroda, Maruti, State Bank of India and Asian paints.

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    Commodities have become an attractive investment in recent years, even for those who may not know much about them but would like to get involved in the profit potential for dramatic price advances posted by energy, gains metals and other commodities, lifting them to the highest overall levels in more than 30 years great of . Some buyers and sellers can trade a commodity market either in the spot market (cash market), in which the buyer and seller immediately complete their transaction based on current amounts, or in the futures market. Futures contracts are the most former way of investing in the commodity market with best knowledge from nifty futures tips and mcx tips provider. Many investor trades in Future contracts because it is secured and it gives additional investment as well as trading opportunity.

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