Indian Stock Market Tips Today – 24th August 2018
Nifty Made New Record High Of 11621, FMCG & Sanitary Ware Stocks Rose
Nifty made new record high of 11621 and closed at 11583 after making low of 11547. FMCG stocks that were leader yesterday S H KELKAR AND COMPANY rose 4.92%, VST INDUSTRIES was by 3.68% and CUPID rose by 1.88%. Sanitary stocks that rose were So many cares was up by 3.8%, Kajaria Ceramic rose by 5.8% and Asian Tile was up by 10.83%.
The market is expected to remain upside as FII & Pro has to buy position in option by 131755 contracts till current expiry.
Nifty is opening gap up by 21 points from previous day close of 11595. Currently, Nifty trading at 11574 as per SGX Nifty.
The US 10 Year T-Note is trading at 120.48. The Bond has broken its important low of 120.03 on 28th Feb 2018. The next support level is at 117.69 which is the low of Jan 2011. The US Dollar Index is trading at 95.56.
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