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Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 8
The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 21,765 level as compared to the Nifty futures’ previous close of 21,785. The Indian stock market indices, Sensex and Nifty 50, are likely to see a muted opening on Monday tracking mixed global cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 21,765 level as compared to the Nifty futures’ previous close of 21,785. The Indian stock market indices, Sensex and Nifty 50, are likely to see a muted opening on Monday tracking mixed global cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 21,765 level as compared to the Nifty futures’ previous close of 21,785. “Normally, doji formations at the highs call for caution for longs. But, the formation of this pattern amidst range movement, hence the sharp negative implication can’t be expected. The short-term uptrend status of Nifty remains intact, but the market is likely to find resistance around 21,800-21,850 levels in the coming sessions," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. He believes a decisive move only above 21,850-21,900 levels could open the next upside target of 22,200 levels. Source - Mint
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