Fired Up Markets May Witness Gap Up Opening



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Indian Equity Markets Are Likely To Open Gap Up On Thursday, Tracking Firm Cues From Asian Markets. The Bullish Trend In The SGX Nifty, Which Was Trading Higher By 38 Points At 9,457, Indicated That Domestic Bourses May Open With Solid Gains.
Nifty50 On Wednesday Managed To Close Above The Trading Range Of Around 9,270-9,377 And Formed A Bullish Candle On The Daily Chart. Nifty50 Is Likely To Continue Momentum On The Upside Up To Levels Of 9,450-9,480. On The Downside, Immediate Support Is Placed In The Region Of 9,350-9,360. (Bonazcapital)
Key Results For The Day Are Asian Paint, Glenmark, Arvind, HCL Tech.
Back Home, After Witnessing Dull Movement In The Previous Trading Session, Indian Market Ended On A Robust Note On Wednesday With Nifty Closing Above 9,400 Mark For The First Time Ever. The Rally Was Led By FMCG And Auto Stocks. In The Second Half Of The Trading Session, Buying Interest Was Witnessed In Telecom Stocks As Well.
On Wednesday, The Tech-Heavy Nasdaq Closed At A Record Level For A Fourth (Bonazcapital) Successive Session As Solid Earnings Supported Technology Shares. The Nasdaq Composite Index Surged 9 Points To Close At Record 6,129. However, Dow Jones Industrial Average Slipped Lower After Unexpected Firing Of Federal Bureau Of Investigation Director James Comey By President Donald Trump. The Dow Jones Industrial Fell 33 Points To Finish At 20,943. The S&P 500 Gained 3 Points To Close At 2,400. (Bonazcapital)
Most Of The Asian Markets Are Edging Higher On Thursday. Japan’s Nikkei 225 Has Gained 45 Points. Hong Kong’s Hang Seng Has Advanced 154 Points. The China’s Shanghai Composite Is Bucking The Bullish Trend And Has Lost 4 Points. (Bonazcapital)
Location: India

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