Wednesday, 5 July 2017

Opening Bell – Markets Opens Muted On Global Headwin

Posted by suhani varma on Wednesday, July 05, 2017 with No comments

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The BSE Sensex opened higher by 235 points at 68 31272, while the Nifty50 opened higher by 6 points at 9619 mark.Tata Power is the top Nifty gainer and Bharti Airtel is the top Nifty loser in the morning hours. There are 794 advances, 862 declines and 88 unchanged stocks on NSE reflecting a negative bias floating in the market.

The Nifty50 index saw a strong supply around levels of 9,640-9,650 in the previous session and, hence, the zone of 9,640-9,650 may continue to act as a strong resistance zone. On the flip-side, the level of 9,580 may act as an immediate support level for Nifty50, but if the index fails to hold this support level, it may witness further correction up to the levels of 9,550 and 9,530.

 
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