Life @ TradeIndia Research

Wednesday, 12 April 2017

Nifty Future to Open at 9243, down 24 points

BELOW 505.00 
TGT1 502.00 
TGT2 497.00 
SL 511.00

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Indian Market Outlook: Yesterday Nifty Opened at 9184 and made low of 9173 taking support of Monday?s low of 9175. The index closed at 9237 after making high of 9243. Adani Power & Tata Power, fell more than 15 percent on NSE on reports that the Supreme Court has disallowed compensatory tariff to both the companies.

The government will announce today its monthly inflation data based on consumer price index (CPI) for March 2017. The all-India general CPI inflation increased to 3.65 percent in February 2017, compared with 3.17 per cent in January 2017. The government will also release industrial production (IIP) numbers for February 2017 after market hour.

Crucial support for Nifty is 9152 below which next level is 9100.

Small Cap index made a new record high of 7186 and closed 7182 after making low of 7111.

Nifty Future is opening at 9243 as per SGX Nifty at 8:20 am IST, 24 points below its previous close of 9267.

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