NIL
Nifty future is looking bullish: Expert
New Delhi, Jan 31 (IBNS) According to Vivek Gupta, CMT Director Research, CapitalVia Global Research Limited, Nifty January Future series gave significant gap up opening and continued its positive momentum on the first trading session of the week after India and the US reached an understanding on resolving the logjam in implementing the India-US nuclear deal.
It registered a life time high of 9029.50, however profit booking was observed on the last day of weekly trading session which was led by heavy selling in PSU banks like SBI, Bank of Baroda, Oriental Bank, Union Bank etc. Nifty February Future settled at 8887.50 with the moderate weekly gain of 43.10 points.
Sixth bimonthly monetary policy review by RBI on 3rd February will be important event to watch in near term. RBI is expected to keep its main lending rate unchanged. Auto sales data will affect the movement of auto stocks in upcoming sessions.
Technically Nifty future is looking bullish on long term charts, it may trade in range of 9100 and 8800 in near term while with the breach of its support mark of 8800, some correction can expected in it.
Sixth bimonthly monetary policy review by RBI on 3rd February will be important event to watch in near term. RBI is expected to keep its main lending rate unchanged. Auto sales data will affect the movement of auto stocks in upcoming sessions.
Technically Nifty future is looking bullish on long term charts, it may trade in range of 9100 and 8800 in near term while with the breach of its support mark of 8800, some correction can expected in it.
Top Headlines
-
News
Sheikh Hasina attacks Muhammad Yunus from first public address in Delhi, urges uprising in Bangladesh
January 23, 2026
-
News
Top Maoist leader with 2 crore bounty among 16 eliminated in major Jharkhand encounter
January 23, 2026
-
News
Russia, US, Ukraine to hold first trilateral talks in UAE, Zelensky announces
January 22, 2026
-
News
Supreme Court slams Maneka Gandhi over remarks on stray dogs case, flags possible contempt
January 20, 2026
-
News
'India-EU trade deal nears finish line': European Commission Prez at Davos, calls it mother of all deals
January 20, 2026
-
News
Nitin Nabin becomes BJPs youngest president ahead of key assembly polls, PM Modi calls him my boss
January 20, 2026
-
News
PM Modi calls Nitin Nabin my boss as he takes over BJP leadership
January 20, 2026
-
News
David Beckhams son drops bombshell, accuses parents of trying to ruin his marriage
January 20, 2026
-
News
Mamata Banerjee appeals to CJI for protection from targeting by agencies amid ED row
January 18, 2026
-
News
Trump tariff bomb on Iran trade: Tharoor flags existential crisis for Indian exporters
January 15, 2026
