- Previous day Nifty spot closed at 13682.7
- Previous day Nifty futures closed at 13696.05
- Previous day Bank Nifty spot closed at 30698.4
- Previous day Bank Nifty futures closed at 30743.05
- At 8:00 AM SGX Nifty is flat
- At 8:00 AM Dow futures is 0.20% up
- At 8:00 AM Comex gold is at 1869.05
- At 8:00 AM Comex silver is at 25.460
- Jubilant foods should be watched
- Textile stocks like HimatSingkaSeise/KPR Mill/AB Fashion/Avind/Nitin Spinners should be watched
- India to see $700-900 mn worth of inflows
- As mentioned in earlier blogs Dollar Index is slowly ticking lower. Now on the verge of breaking 90 from above
- In one of the earlier blogs I mentioned to follow the H/L of 11th December monthly 13500 CE. Yesterday the breakout happened and Nifty went higher as anticipated
- Overall market has a positive bias
- USDINR 73-73.30 is a very very strong buying zone because it has a 2 years support. That level should be watched cautiously
Disclaimer:
This information is for educational purposes and is not an investment or trading recommendation nor to be representative of professional expertise. All examples and analysis are intended for educational purposes and should not be considered as specific investment or trading advice. The risk of loss in trading equities, options, futures, forex or any other financial products can be substantial. Past performance, whether actual or simulated, is not indicative of future results. By viewing this blog you agree that any decision to purchase or sell any financial product is the sole responsibility of the person initiating such a transaction. Trading Sensation is not responsible for your decisions or their consequences. This blog is for educational purposes only.
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