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
Job-providing people-intensive firms deserve preferential taxation rate: Chocko Valliappa on Union Budget
February 01, 2025
-
News
Chocko Valliappa on Centre for Excellence in AI for education sector in Union Budget
February 01, 2025
-
News
Budget 2025: FM delights middle-class with upto 12 lakh tax exemption, woos poll-bound Bihar
February 01, 2025
-
News
Union Budget 2025: Laxman Jaiswal calls depreciating rupee, declining stock market as critical challenges faced by Indian economy
January 22, 2025
-
News
Donald Trump takes oath as 47th US President
January 21, 2025
-
News
Sona SPEED partners Sarla Aviation to design-make critical components for eVTOL air taxi
January 20, 2025
-
News
Magh Bihu celebrated in Kolkata
January 15, 2025
-
News
Justin Trudeau announces resignation as Canada's PM amid rising pressure by partymates
January 06, 2025
-
News
30 shots fired in mass shooting outside New York nightclub that injured 11: NYPD
January 02, 2025
-
News
Truck driver who rammed into New Orleans crowd flying ISIS flag identified as US Army veteran Shamsud-Din Jabbar
January 02, 2025
