Share market closing update Friday

[stocktipsguru]

On Friday end of the day market has slipped down or closed with a red note and Nifty fail to hold the level of 7,750 today.The BSE Sensex closed at 25,301 down 97 points and NSE Nifty closed at 7,749 down 33 points or 0.43%.
sensex today

[DynamicLevels]

Nifty expected to trade in a range of 7700 to 7950

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23 May, 2016


Stock Market Today by Shailesh Saraf – 23rd May 2016
Indian Market Outlook:
FED interest rate most likely to be hiked from 25 bps to 50 bps in the scheduled June 15 FED meeting, further confirmation will come if 3 month US treasury yield trades above 36 bps. The open interest data, SEBI's P-Note decision along with FED rate hike expectation in June 15 might put further selling pressure in Nifty. However, the short term trend would be sell only if Small Cap trades below 5090. Nifty is opening 20 points gap up at 7783 from yesterday's close of 7763 at 8:05 am IST.International Market Outlook
Asian shares rose on Monday after a solid session on Wall Street, while the dollar held near recent highs against major rivals as investors bet that the U.S. Federal Reserve was on track to raise rates sooner rather than later. Finance policymakers at the G7 agreed to avoid competitive devaluation, but shunned a call by Japan to stimulate economies with fiscal measures while seeking "balanced" fiscal, monetary and structural reform policies to support global growth.Markets have started to entertain the prospect of a near term U.S. rate hike after last week's release of Fed meeting minutes showed that policymakers weren't shying away from raising interest rates as early as next month. Federal Reserve Chair Janet Yellen will appear at a panel event hosted by Harvard University on Friday. Fed branch presidents including those from San Francisco, St. Louis, Dallas, Minneapolis are also slated to speak earlier in the week. for more details see https://www.dynamiclevels.com/en/sha...t-today-230516