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Markets likely to open in Green today

Cues from foreign equity markets are positive

September 09, 2022 8:52 IST | India Infoline News Service
Indian markets may open the day in green today. US markets closed the day in green yesterday. Asian markets have opened in green today. SGX Nifty is up by 0.59% since morning. Oil prices increased marginally yesterday. But with global economic slowdown worsening, oil prices are unlikely to rise significantly, at least in the foreseeable future.

US markets closed in green yesterday. Dow Jones ended the day, up by 0.61%. Nasdaq was up by 1.07%. NYSE composite was up by 0.79%. Oil prices increased marginally yesterday. US inventory of oil has increased significantly.
 
Asian markets have opened in the green today. Nikkei is up by 0.34%. South Korean Kospi is up by 0.33%. Taiwan index is up by 1.20%. Shanghai is up by 0.37%.

Indian markets ended the day in green yesterday. Nifty 50 was up by 174.3 points. Sensex was up by 674 points. Top Gainers were Shree Cement, BPCL, Axis Bank. Top Losers were Hindalco, Tata Steel, Coal India.
 
Technical View: Nifty likely to find support at around 17200 while 17900is likely to act as resistance on the upside. Bank Nifty likely to find support at around 39000 while 40000 is likely to act as resistance.

Trading call: Buy centurytex @918-925. Stop Loss 905. Target 960.

Derivative Call: Buy Axisbank Sep 790 ce @15-17. Stop Loss 12. Target 25.

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