Thursday 5 April 2018

Outlook Of Nifty/Bank Nifty Today

Nifty Outlook: 
Nifty caught in bear trap on as benchmark indices lost more than 1 percent after the China unveiled new tariffs to counter US tariffs. Investors await the outcome of two-day Monetary Policy Committee meeting due tomorrow. The volatility is likely to continue for few more sessions and this global trade war concerns continued to weigh on sentiment. 

Bank Nifty Outlook: 
Bank Nifty erased their morning gains to end lower taking cues from their key global counterparts that slipped on the back of increased fears of a full-scale global trade war. Bank Nifty closed below its support i.e. of 24150 which indicates selling pressure may bear while volatility may continue ahead of global concern as well as due monetary policy (RBI monetary policy) which is held tomorrow.


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