Stock Markets on Monday: Anil Singhvi gives strategy; suggests crucial levels for Nifty, Bank Nifty
When the markets reopen on Monday after a hiatus of four days, the triggers from US market closing on Thursday and Dow Futures on Monday will be the key. US markets will remain shut on Friday,
Stock Markets on Monday: Indian markets ended the week negatively on Wednesday. The BSE Sensex settled at 58,338.93, down by 237 points or 0.4 per cent while the Nifty50 ended at 17,475.65, down by 0.3 per cent or 54 points. Bank Nifty fell by 284 points to end at 37,463.40.
The markets ended in the red on all three trading days during the week. There was pressure due to a truncated trading week and weekly expiry and the traders wanted to have less positions, Zee Business Managing Editor Anil Singhvi said. However, the strength was intact in the broader markets, he added.
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Watch Full Video HereOf 50 scrips on Nifty50, 22 advanced, and 28 declined at the close. ONGC closed as a top gainer, nearly 3 per cent higher amid rising crude, followed by Apollo Hospital up over 2 per cent.
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