Market Outlook: On global front, US has imposed additional sanctions on Iran which would further escalate Middle East tensions. Global markets remains flat and are awaiting the result of meeting between US and Chinese Presidents at G20 summit this week. US secretary of state Mike Pompeo will arrive in India today for a three day visit, which will set the tone for relations between India and US.
Market awaiting some trigger from the upcoming Budget and progress of Monsoon. We expect markets to remain in range of 11650 to 11850 and only a decisive breakout on either side will give a direction to the market.
\Today nifty levels----11667 is 20 dma support can fall below this level can come to 11600 11550 and upside 11760 can give hope to market to move towards 11800
Market awaiting some trigger from the upcoming Budget and progress of Monsoon. We expect markets to remain in range of 11650 to 11850 and only a decisive breakout on either side will give a direction to the market.
\Today nifty levels----11667 is 20 dma support can fall below this level can come to 11600 11550 and upside 11760 can give hope to market to move towards 11800
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