UPWARD TREND IN NIFTY

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Today’s (Tuesday) Indian Stock Market Nifty opened at 9880.85, touched 9995.70 and finally closed at 9979.10 with an gain of 1.56%.  The Bank Nifty supported with a gain of 2.86%.  The Bank Nifty opened at 20120.60, touched 20615.75 and finally closed at 20530.20.  The stocks like Tata Motors resumed production, whereas companies like Britannia Industries and Voltas reported rise in net profit on year on year basis.
 Also, Prime Minister, Mr. Narendra Modi encouraged country’s leading entrepreneurs to put one step forward in the reform strategy for Make in India Programme. It is also observed that Dollar Index has weakened during the evening session due to economic slowdown and increase in the number of unemployment in USA leading to rise in currency values of other countries, which also resulted rise in Bank Nifty supporting Nifty to sustain above 10000 mark.                                 





It is proposed to hold a long position above 10000 in Nifty and Bank Nifty on 03.06.2020 (Wednesday) and may cross over and above 10200 mark in the coming few sessions.


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