Market Bytes 24-Jun-2016
Nifty futures: Looks like we are in for some serious volatile sessions as Britain's first referrendum in 40 years is almost out.India impact on macros for this event is less as only 0.5% of the exports are impacted. But in the near time markets always work on sentiments than fair pricing.
Markets are likely to gapdown and open below our swing zones of 8150. This level need to be used as a the trend decider. Trading below that we can retest 8075 zones. 8000-8030 should be a firm swing base below that and provide a good contrarian opportunity if that level gets tested in coming sessions.
#nifty #nseindia #sensex #stock #brexit
Nifty futures: Looks like we are in for some serious volatile sessions as Britain's first referrendum in 40 years is almost out.India impact on macros for this event is less as only 0.5% of the exports are impacted. But in the near time markets always work on sentiments than fair pricing.
Markets are likely to gapdown and open below our swing zones of 8150. This level need to be used as a the trend decider. Trading below that we can retest 8075 zones. 8000-8030 should be a firm swing base below that and provide a good contrarian opportunity if that level gets tested in coming sessions.
#nifty #nseindia #sensex #stock #brexit