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Futures to trade around 4,950 next week
Nifty September futures opened on a listless note and faced resistance above 5,150 as other time-frame traders turned sellers. The trade summary matrix showed change of hands in initial balance (IB) (5,132-5,155), indicating short build-up by new players. The market profile for the day suggested responsive selling, with sellers putting there shares on the block as soon as the index opened above the
Nifty September futures opened on a listless note and faced resistance above 5,150 as other time-frame traders turned sellers. The trade summary matrix showed change of hands in initial balance (IB) (5,132-5,155), indicating short build-up by new players. The market profile for the day suggested responsive selling, with sellers putting there shares on the block as soon as the index opened above the
Wockhardt sniffs Fema violation by Sun Pharma
The battle between pharmaceutical majors Wockhardt and Sun Pharma has resurfaced.
The battle between pharmaceutical majors Wockhardt and Sun Pharma has resurfaced.
August futures on bearish trend
A Doji with long upper shadow on Thursday was aptly followed by a change in trend as the Nifty August futures declined sharply, despite opening at the day’s high on bullish global cues. The
Rally seen on positive shift in market sentiment
The Nifty August futures closed in the green on short covering by participants after gap-up opening, on account of strong global cues. The August futures settled at 5,159, up 1.7 per cent, as
Silver invalidates bearish pattern, gold marches on
Silver has defied the weeks-long bearish chart pattern to rally strongly and aims to reach its previous high. Gold, meanwhile, has touched a new high, continuing its long-term uptrend.
Silver has defied the weeks-long bearish chart pattern to rally strongly and aims to reach its previous high. Gold, meanwhile, has touched a new high, continuing its long-term uptrend.
Nifty likely to break below 5,500 level
As expected, the Nifty July futures faced strong resistance above 5,590 and managed to settle around major support (5,550) after testing 5,530. The Nifty is likely to break below 5,500 with lower
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