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Market May Remain Under Pressure On Weak Global Cues And Union Budget

Dynamic Equities Pvt Ltd | 31 Jan, 2017  | Follow Author | Add to my Favourites 
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Indian Market Outlook: India’s benchmark index Nifty opened on a flat note on Monday and traded in a narrow range of 45 points throughout the day and finally closed at 8633,which was 8 points below its Friday’s close of 8641. Bank Nifty also showed signs of weakness and closed at 19585, 123 points below its previous close of 19708.

Small cap index stayed in range for the entire trading session yesterday. The benchmark index of cash market, Small Cap closed at 6392, almost flat from Friday’s close of 6395. Small Cap Index made a high of 6429 and a low of 6384.

FII’s continue to buy in cash segment in last three trading sessions.

Important results to be announced today are ONGC, IOC,ICICI Bank, Bajaj-Auto.

Nifty Future is opening at 8615 as per SGX Nifty at 8:50 am IST,almost 44 points below its previous close of 8659.

Important events to watch out

- 1st Feb Union Budget 2017-18

- 1st Feb 12.30 midnight Federal Reserve Monetory Policy (market will take impact of it on 2nd Feb)

- 8th Feb RBI Monetory Policy

- 11th Feb to 15th Mar UP Election

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About Dynamic Equities Pvt Ltd

Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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