Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 20 Aug, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 20 Aug 2018
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What a week it was for Indian equity markets. Benchmark indices consolidated in a narrow but eventually closed higher for the week. The rupee, on the other hand, witnessed a steep depreciation against the dollar. The currency hit a fresh new low of 70.39 this week.
Crude oil prices declined this week which remained a key positive for emerging markets.
Overall, analysts remain cautious on the Indian markets in the short-term due to a falling rupee, a widening trade deficit, and US-China trade wars.
With earnings season coming to an end there are no fresh triggers for markets in this truncated week.
Things which will be in focus: Currency/rupee, trade war, FOMC meeting’s minutes, movement of crude oil as well as a listing of CreditAccess Grameen.
On the technical front, Nifty has strong support at 11,400-11,415 levels.
A break below will take it to 11366-11340 level and possibly towards 10250.
Investors who are long should keep a strict stop loss of 11,340. On the upper side Nifty will face hurdle at 11500 level which is also a psychological hurdle.
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