NIL
Nifty future is looking bullish: Expert
New Delhi, Jan 31 (IBNS) According to Vivek Gupta, CMT Director Research, CapitalVia Global Research Limited, Nifty January Future series gave significant gap up opening and continued its positive momentum on the first trading session of the week after India and the US reached an understanding on resolving the logjam in implementing the India-US nuclear deal.
It registered a life time high of 9029.50, however profit booking was observed on the last day of weekly trading session which was led by heavy selling in PSU banks like SBI, Bank of Baroda, Oriental Bank, Union Bank etc. Nifty February Future settled at 8887.50 with the moderate weekly gain of 43.10 points.
Sixth bimonthly monetary policy review by RBI on 3rd February will be important event to watch in near term. RBI is expected to keep its main lending rate unchanged. Auto sales data will affect the movement of auto stocks in upcoming sessions.
Technically Nifty future is looking bullish on long term charts, it may trade in range of 9100 and 8800 in near term while with the breach of its support mark of 8800, some correction can expected in it.
Sixth bimonthly monetary policy review by RBI on 3rd February will be important event to watch in near term. RBI is expected to keep its main lending rate unchanged. Auto sales data will affect the movement of auto stocks in upcoming sessions.
Technically Nifty future is looking bullish on long term charts, it may trade in range of 9100 and 8800 in near term while with the breach of its support mark of 8800, some correction can expected in it.
Top Headlines
-
News
Inside the daring US mission to rescue downed airman in Iran amid race against time
April 05, 2026
-
News
Gates of hell will open: Iran mocks Trumps 48-hour ultimatum, warns of devastating retaliation
April 05, 2026
-
News
Posted a war imageNow arrested: UAE detains flight attendant in Dubai crackdown
April 05, 2026
-
News
'We will strike inside homes, RSS camps in future: Pak Defence Minister issues direct warning to India
April 03, 2026
-
News
'Did I commit a crime?': Raghav Chadha breaks silence after AAP drops him as Rajya Sabha deputy leader
April 03, 2026
-
News
Mamata blames AIMIM, ISF, Congress, BJP for Malda hostage incident; takes credit for masterminds arrest
April 03, 2026
-
News
Malda hostage horror: Mastermind Mofakkarul Islam nabbed at Bagdogra Airport!
April 03, 2026
-
News
'Our pilot met with an accident...': Judge pleads for help amid mob attack after 9-hour hostage ordeal during SIR protest
April 02, 2026
-
News
'Most polarised state': CJI Kant raps Bengal govt over 9-hour hostage of judicial officers
April 02, 2026
-
News
'BJP plotting Presidents Rule, dont fall in the trap': Mamata Banerjee on Malda unrest, urges peace
April 02, 2026
