News
India
Nifty future is looking bullish: Expert

31 Jan 2015, 10:12 am

Nifty future is looking bullish: Expert
New Delhi, Jan 31 (NITH) According to Vivek Gupta, CMT – Director Research, CapitalVia Global Research Limited, Nifty January Future series gave significant gap up opening and continued its positive momentum on the first trading session of the week after India and the US reached an understanding on resolving the logjam in implementing the India-US nuclear deal.

It registered a life time high of 9029.50, however profit booking was observed on the last day of weekly trading session which was led by heavy selling in PSU banks like SBI, Bank of Baroda, Oriental Bank, Union Bank etc. Nifty February Future settled at 8887.50 with the moderate weekly gain of 43.10 points.

Sixth bimonthly monetary policy review by RBI on 3rd February will be important event to watch in near term. RBI is expected to keep its main lending rate unchanged. Auto sales data will affect the movement of auto stocks in upcoming sessions.

Technically Nifty future is looking bullish on long term charts, it may trade in range of 9100 and 8800 in near term while with the breach of its support mark of 8800, some correction can expected in it.

Air India unveils India-ins ...

Indian airline Air India has unveiled a new collection of amenity kits and loungewear for guests travelling on its international flights.

Emirates brings next-gen A3 ...

Emirates will introduce its Airbus A350 aircraft on its daily Dubai–Mauritius route from November 1, 2026, replacing the Boeing 777 currently operating the service. The new aircraft will operate flights EK709 and EK710 between Dubai and Mauritius, the airline said.

Lufthansa launches Kuala Lu ...

Lufthansa has launched a new nonstop service between Kuala Lumpur and Frankfurt, with the first flight operating on October 26. The route connects Malaysia’s capital with Frankfurt, one of Europe’s major aviation hubs.