Dear Trader…
Indian equity benchmarks continued trade near their neutral lines in early today deals, with both Sensex and Nifty trading marginally higher, on the back of positive cues from other Asian markets. Traders were getting relief, as calling India a bright spot in an otherwise world of gloom, Union Commerce and Industry Minister Piyush Goyal has said that every Indian is witness to the progress that the nation is making.
The street took a note of reports that the government panel tasked to determine tax refund rates for overseas shipments from special economic zones and export-oriented units under export promotion scheme RoDTEP will submit its report on December 20.
Nifty futures opened at 18294.90 points against the previous close of 18194.00 and opened at a low of 18119.50 points. Nifty Future closed with an average movement of 189.00 points and a rise of around 68.25 points and 18262.25 points...!!
On the NSE, the midcap 100 index will rise 0.81% and smallcap 100 index is closing rise 0.83%. Speaking of various sectoral indices only Pharma and Consumer Durables stocks were seen selling on the NSE, while all other sectoral indices closed higher.
At the start of intra-day trading, December gold opened at Rs.50862, fell from a high of Rs.51060 points to a low of Rs.50831 with a rise of 81 points, a trend of around Rs.50947 and December Silver opened at Rs.60244, fell from a high of Rs.60948 points to a low of Rs.60000, with a rise of 129 points, a trend of around Rs.60667.
Meanwhile, calling India a bright spot in an otherwise world of gloom, Union Commerce and Industry Minister Piyush Goyal has said that every Indian is witness to the progress that the nation is making. The Minister noted that when India’s citizens decide that India is to becomea Vishwaguru then there is no force in the world that can prevent it.
Further, while talking on the country’s mission to become Vishwaguru, Union Minister Piyush Goyal cited the unprecedented success of programmes like Har Ghar Tiranga, where it was near impossible to find even a single home that did not have the national flag hoisted in it.
Union Commerce and Industry Minister also added ‘Prime Minister Narendra Modi in his Panch Pran has appealed to the country to discard the colonial mindset and go back to our roots, following our family values, heritage and ethos. The Prime Minister’sPanch Pran will keep guiding us even in our day to day life.’
Technically, the important key resistances are placed in Nifty future are at 18303 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 18330 – 18373 levels. Immediate support is placed at 18188 – 18088 levels.
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