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Posted by Shyam as Market News
The Indian share markets had a lack luster session yesterday when Sensex managed to close 81 points up at 15769 levels and nifty closed at 4680 levels gaining 22 points from its previous close. The main thing is that it managed to trade above the crucial 4650 on nifty and it is still maintained. Just it needs to maintain this level to move further ahead.
Today is the expiry for the August series in the F&O segment. So we can expect some volatility in the markets today. The global cues are looking weak as of now. US markets closed flat yesterday after a 6 day run up.Currently the Asian markets are trading down with Nekkei-255 losing 1.59% and Hang Seng is down by 0.9% as of now.
So we can expect the Indian markets to open down today. Selective buying can be done on some counters when they come down to get decent returns in the coming days. Every opportunity to buy at lower levels should not be missed to make good returns as the markets are now in a resistance zone. Crucial levels to watch on nifty are 4650, 4720. If these levels are crossed then we can expect the Indian markets to zoom ahead.
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