Wednesday 6 May 2020

α ℓ ℓ ι є ѕ ƒ ι η тє¢нѕ¢σρє's Post

@AlliesFin

Nifty expected to open near flat zone. The current phase of give back may continue for a few more days with support for Nifty placed between 9091 and 8925 zone. Traders can start building CALL positions in the support zone for a move towards 9600 - 9700 by the end of month.

US markets continued the recovery process with Nasdaq once again leading the chart with close to 1% gains.

Crude futures recovered further, Brent moved above 31 and WTI above 24.

US $ index moved higher towards 99.8 zone.

Indian markets would now be keenly watching the developments on lockdown relaxation and stimulus measures from the government to revive the economy.

Central government hikes duty on petrol and diesel.

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