Banknifty levels for 16th August-Trend is Negative
On 15th, Banknifty future opened at 44319.95. It made a negative opening of 144.4 points and touched an intraday high at 44398.95 and day's low at 43982.40
During the day, Banknifty gave movement of 416.55 points and ended lower by 263.35 points or 0.59 percent and closed at 44201 levels.
Indian stock market ended the volatile session with little changes.
CPI inflation data rose 7.44% in July from 4.81%in June, much higher than expectation of 6.5%. According to data, market can react negative due to inflation data on Wednesday.
Primary trend in Banknifty is Negative.All up move can initiate profit booking @44300 and all down moves can initiate short covering @43800
During the day, Banknifty gave movement of 416.55 points and ended lower by 263.35 points or 0.59 percent and closed at 44201 levels.
Indian stock market ended the volatile session with little changes.
CPI inflation data rose 7.44% in July from 4.81%in June, much higher than expectation of 6.5%. According to data, market can react negative due to inflation data on Wednesday.
Primary trend in Banknifty is Negative.All up move can initiate profit booking @44300 and all down moves can initiate short covering @43800
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