Friday 22 July 2016

News as per intraday trading strategy Nifty down below 8500, Rupee down by 1 paisa.

In the Equity and futures Market Sensex 26 points down, Nifty down below 8500

Us and Asian markets are getting negative signals from the decline in the stock future market is seeing. As per technical analysischarting software the Sensex down by 26 points at 27684 came and the Nifty chart is trading below the 0.10% 8500 is showing weakness. Midcap and Smallcap stocks continued to make gains. Nifty Midcap 100 index has reached the level of 3535 by 0.3%. With 0.2% growth, while the BSE Smallcap index is trading at 12032 levels. As per the intraday trading strategy Bank Nifty chart also down by 0.3 % at 18 605 came. Bank Nifty as well as IT, metal and pharma sectors are too weak. While 0.9 per cent of the media sector, FMCG and auto stocks are showing a 0.3 per cent gain. The power grid in early trade in the market turnover, from 1.7 to 1 per cent, pushing GAIL and Tata Power. Hindalco, giants like Bank of Baroda and SBI shares have down from 2.2 % to 1.4 %.

In currency market Rupee down by 1 paisa to open at 67.18 / $ level.

In the last currency market intraday trading session of the week, the rupee weakened by 1 paisa at 67.18 is open. However, on Thursday the rupee had closed 3 paisa at 67.17 with weakness.

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