Today the National Stock Exchange (NSE) benchmark Nifty index which opened flat to negative on Monday succeed to closed with gains of 31 points making a ‘Hammer’ like the pattern on the daily charts. Yesterday, it opened at 10,310.1 from its previous closing of 10,316.45 and closed at 10,348.05. On the other hand, the Bank Nifty index closed at 24,618.3.
Taking a cue from the global sentiment and previous domestic trade, it is expected to see a flat opening in today’s session.
Update: The US market ended mixed on Monday. It was the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth.
Update: Asian stocks at 17-month low amid China concerns.