Nifty Futures brushed aside the trade war fears and zoomed up in the first 15 minutes to clinch 10404 and subsequently scaled up to 10414.90. It was a 30 point range for nifty through out the day and managed to close at 10392.
Bank Nifty futures made handsome gain of 200 points and closed above 25000, which gives a psychologically a mental comfort to bulls.
So far the travel has been around 450+ points from 9960 and there could be sideways movement in nifty. While the global cues are giving high volatility, we wait for last quarter results of major companies which will decide the course of the index.
Nifty level 10437. BNF 25288. These are very critical numbers which decide the next level for market.
Performance of the day: Pick of ICICI BANK CE and IOC CE for moderate gains.
Happy trading!!
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