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Markets Down Due To Geopolitical Reasons,Turnaround Expected In 2nd Half

Dynamic Equities Pvt Ltd | 11 Aug, 2017  | Follow Author | Add to my Favourites 
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Indian Market Outlook: The Benchmark Index Nifty on 10th August experienced a forth day consecutive sell off and closed at 9820 after making a low of 9776. If Index sustain below its 3 week low of 9792 we might see Nifty to further fall at 9646 levels.


Bank Nifty fell 296 points from day’s high of 24375 and close at 24217 after making low of 24078.The Bank Nifty has fallen for the third consecutive day, the Index fell 888 points in last 3 days.


The Cash Market Benchmark Index Small Cap was down by 4.62% from its previous day’s close of 7516. The Index closed at 7169 after making a low of 7094.


Nifty to open gap down by 122 points at 9756 against yesterday’s close of 9878 as per SGX Nifty.


International Market Morning Update

 

Geopolitical concerns continued to weigh on Wall Street amid an ongoing escalation in tensions between the U.S. and North Korea. in international market s&p500 gave breakout of its range low of 2460 and is currently trading at 2434.


German Index Dax yesterday closed 11930 breaking its range low of 12087.


MSCI emerging market Index is trading at 1045 the Index recently made a high of 1077.


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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 www.dynamiclevels.com 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 www.dynamiclevels.com.


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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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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