Recommended Nifty Future Tips on India Market

Yesterday, the Indian markets had shrugged off global cues to shoot up on the exit poll results for the four state assemblies. Continuing from where they ended yesterday, the markets are likely to open on a flattish note and trade with a slightly positive bias today too. However, investors may take some profit off the table and wait to start off a new week with fresh positions come Monday which could add to some volatility.

Going ahead Nifty has first hurdle around levels of 6275-6290 and if Nifty closes above this level than gates for 6350 will be opened. On downside immediate supports at 6180 and 6165. 

After a stellar rally on Thursday, the market has opened today on a flat note. The Sensex is up 2.79 points at 20960.60, and the Nifty is down 4.90 points at 6236.20. Hindalco, Tata Motors, ICICI Bank, HDFC and Larsen are major laggards in morning trade. Top gainers in the Sensex are Sesa Sterlite, Tata Power, Bajaj Auto, Dr Reddy’s Labs and ITC.

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