Equity Tips | Expect Nifty Futures to Open at 8821

Indian Market Outlook: Yesterday benchmark Index Nifty closed at 8769 after making low of 8715. Before announcement of RBI monetary policy, Nifty made a high of 8791. RBI Governor Urjit Patel surprised the market by keeping repo rate unchanged at 6.25 percent.

Equity Tips BUY CESC FUTURE

ABOVE 814.00

Target1-817.00

Target2-822.00

StopLoss-808.00. Nifty’s immediate support is at 8687 (4-Day low) and resistance is at 8814 (2-Day high). Bank Nifty yesterday closed at 20245 after making a low of 20070 on RBI policy. The immediate support for the index is at 20010 (3-Day low) and important resistance is at 20576.

Small cap index yesterday closed at 6648 after making low of 6582 taking support of its 2-day low of 6587, the index opened at 6643 and made high of 6660. Nifty Future is opening at 8821 as per SGX Nifty at 8:50 am IST, 17 point above its previous close of 8803.

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