Nifty futures were trading 39.50 points or 0.26 per cent up at 15,235.50 on Singaporean Exchange, indicating a positive opening for BSE Sensex and Nifty 50 on Thursday
According to an analyst, the short term trend seems to have turned down and the near term uptrend status remains intact for the Nifty. Image: Reuters
Nifty futures were trading 39.50 points or 0.26 per cent up at 15,235.50 on Singaporean Exchange, indicating a positive opening for BSE Sensex and Nifty 50 on Thursday. According to an analyst, the short term trend seems to have turned down and the near term uptrend status remains intact for the Nifty. “The weakness of the last two sessions is expected to complete in the next 1-2 sessions. Important supports to be watched around 15000 and we expect market to show upside bounce from the lows. On the contrary side, a decisive move below this 15K mark could open more weakness in the short term,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities said.
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