Live & Latest Intraday Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news, Intraday tips free today, Stock market investment tips today and tomorrow, intraday nifty and stocks tips and calls Friday 07 April 2017, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intraday, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading tips, intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 07 April 2017 :- ----------------------------------------------------------------------------------------------------------
The BSE Sensex opened down by 77 points at 29850, while the Nifty50 opened lower by 38 points at 9224 levels. All sectoral indices are trading in red. Geopolitical tensions between US and Syria drag the Asian markets, India follows. Adani Ports, India Bulls Housing finance, Sun Pharma and Reliance Industries are down with more than 1% loss. Bharti Airtel witnesses short covering and surges 1.5%.
Indian equities markets are likely to open lower on Friday after the United States launched cruise missiles at an airbase in Syria in response to Syrian forces’ alleged use of chemical weapons. The bearish trend in the SGX Nifty, which was trading down by 60 points to 9,207, also signalled a negative start.
Nifty50 opened lower on Thursday and recovered after registering a low of 9,219. Now, going forward, as far as support is concerned, the area of 9,190-9,210 is a strong support zone. On the upside, Nifty50 needs to hold above levels of 9,275-9,280 to witness a fresh upward movement up to levels of 9,340-9,380.
The RBI came out with its policy review around mid-afternoon, wherein it kept the repo rate unchanged at 6.25%, while it raised the reverse repo rate by 25 basis points to 6%. After the announcement, market recovered from the lower levels and closed near day’s high. The Rajya Sabha passed four legislations which will enable the government to roll-out the historic Goods and Services Tax regime on July 1.
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