NIFTY makes new high | Next target 11500!
Nifty - Technical Analysis:
-Nifty saw a good uptrend today and rose 1.23% ending at 11391
-Nifty saw some resistance around 11350 but took support at 11300 and bounced back
Market - Driving Factors:
-Banks, realty and metals saw bullish move as NIFTY REALTY rose 4.04%
-Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations.
-Rupee ends at 74.75 against dollar versus Monday's close of 74.89 per dollar.
Nifty - Outlook for Wednesday, 19th August:
Nifty was quite bullish today and finally broke a strong resistance of 11360, a small pullback can be expected before nifty continues its journey upwards
A new high was formed, The first target can be around 11500.
-Nifty saw a good uptrend today and rose 1.23% ending at 11391
-Nifty saw some resistance around 11350 but took support at 11300 and bounced back
Market - Driving Factors:
-Banks, realty and metals saw bullish move as NIFTY REALTY rose 4.04%
-Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations.
-Rupee ends at 74.75 against dollar versus Monday's close of 74.89 per dollar.
Nifty - Outlook for Wednesday, 19th August:
Nifty was quite bullish today and finally broke a strong resistance of 11360, a small pullback can be expected before nifty continues its journey upwards
A new high was formed, The first target can be around 11500.
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