@ALLIESFIN
Nifty expected to open near flat to negative zone (as at 7.00 am)
For the medium term if nifty and bank nifty manages to cross 10450 and 21807 a very sharp rally towards 11200 and 23450 is possible. For traders to take that trade keep a stop loss of 10112- 10050 and 20878-20950 zones on a close basis. Our preference is towards bfsi segment stocks for the ensuing quarter for trading.
US market continued to move higher with nasdaq leading the chart and once again topping out above 10000. Both Dow and s&p registered its best quarterly gains since 1987 and for nasdaq it was best quarterly gain since 1999.
crude futures inched up a bit , WTI currently trades near 40 and Brent near 42.
Cboe vix on the day declined below 31, US 10 year currently trades near 0.68 and dollar index below 97.50.
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