Oil will be the driving factor today.
Oil is trading near lower end of the channel and SGX NIFTY is up. One can see gap up opening in NIFTY. Day will be governed by tensions in Iraq. Though it is said our oil import dependence on Iraq is only 5% and we can sustain till oil price crosses $ 120, sentiments are playing role.
NIFTY is in strong up-move. Every low level is bought.
FIIs were net buyers even yesterday.
No one is in mood to account for rising inflation. There are lot of pages in news papers about onion prices. Low monsoon so far and expected lower monsoon henceforth this year.
If NIFTY sustains above 7520, it well see 7600 today itself, if oil permits!
No new trade today.
But risk takers can buy 7600 NIFTY CALL around 50-52 and book profit quickly.
Disclaimer: This blog does not take any responsibility of your profit/loss.
Oil is trading near lower end of the channel and SGX NIFTY is up. One can see gap up opening in NIFTY. Day will be governed by tensions in Iraq. Though it is said our oil import dependence on Iraq is only 5% and we can sustain till oil price crosses $ 120, sentiments are playing role.
FIIs were net buyers even yesterday.
No one is in mood to account for rising inflation. There are lot of pages in news papers about onion prices. Low monsoon so far and expected lower monsoon henceforth this year.
If NIFTY sustains above 7520, it well see 7600 today itself, if oil permits!
No new trade today.
But risk takers can buy 7600 NIFTY CALL around 50-52 and book profit quickly.
Disclaimer: This blog does not take any responsibility of your profit/loss.
No comments:
Post a Comment