Indian Stock Market Tips Today by Ripples Advisory – 23rd August 2018
Indian Stock Market Tips|Indian Market Is Expected To Remain Up Until It Breaches 2 Day Low Of 11500
U.S. and Chinese officials are meeting in Washington to find a resolution to the ongoing trade dispute between the two countries. However, Asian markets are down as a deadline loomed for fresh US tariffs on China.
Nifty though is expected trade upside till this expiry as major players have created Buy position in Options. They have bought 175170 contracts as shown in the table below. Thus we expect the market to go up unless there is any big tension in the international market due to US-China trade war.
Nifty is opening gap up by 37points from previous day close of 11586. Currently, Nifty trading at 11623 as per SGX Nifty.
The US 10 Year T-Note is trading at 120.67. 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 95.31.
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