Posts
MTECHTIPS:-Market Snapshot
Nifty futures witnessed gap up opening following the better global cues but could not able to sustain at higher levels around 5750 levels in absence of follow up buying interest and selling was seen towards 5700 area. Nifty is hovering near 5700 psychological zone if it fails to hold these levels then selling pressure may be seen towards 5600 levels in coming days. Nifty for the day, if it sustains 5750 levels then only rally may be seen towards 5800 levels which will act as immediate resistance zone for the market whereas if it fails to hold 5700 levels on downside then selling pressure may be seen toward s 5670-5650 levels. Nifty future saw marginal decrease in OI by 0.13% with a rise in price by 0.4%. Market witnessed buying interest in CD, HC, IT, FMCG, CG, Banking, Tech and Metal space whereas marginal selling pressure was seen only in Oil & Gas and Power space. Nifty future closed at premium of 19 points as compared premium of 25 points in previous trading session.
Nifty futures witnessed gap up opening following the better global cues but could not able to sustain at higher levels around 5750 levels in absence of follow up buying interest and selling was seen towards 5700 area. Nifty is hovering near 5700 psychological zone if it fails to hold these levels then selling pressure may be seen towards 5600 levels in coming days. Nifty for the day, if it sustains 5750 levels then only rally may be seen towards 5800 levels which will act as immediate resistance zone for the market whereas if it fails to hold 5700 levels on downside then selling pressure may be seen toward s 5670-5650 levels. Nifty future saw marginal decrease in OI by 0.13% with a rise in price by 0.4%. Market witnessed buying interest in CD, HC, IT, FMCG, CG, Banking, Tech and Metal space whereas marginal selling pressure was seen only in Oil & Gas and Power space. Nifty future closed at premium of 19 points as compared premium of 25 points in previous trading session.
No comments:
Post a Comment