Nifty is opening at 7620, near its previous month high of 7609, which is a critical area. A breakout above this will result in further buying with a target of month 2 high of 8050. This is a gap level and Nifty will have to trade above SGX Nifty high of 7629 with momentum for the Buy trend to continue. Yesterday markets saw a sharp buying from a daily gap level of 7430 which was majorly aided by strong banking stocks on the back drop of rate cut expectation which is to be announced on 5th of April in the RBI policy meet.
Submitted March 17, 2016 at 01:20AM by ShaileshSaraf http://ift.tt/1TQW7LH
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