Nifty today: Pre-market action: Here's the trade setup for today's session
Analysts said the coming weeks will see the direction of the market influenced significantly by the flow of funds from foreign investors.
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Analysts said the coming weeks will see the direction of the market influenced significantly by the flow of funds from foreign investors.
Nifty futures on the NSE International Exchange traded 33.50 points, or 0.16 per cent, higher at 21,488, hinting at a positive start for the domestic market on Monday.
Analysts said the coming weeks will see the direction of the market influenced significantly by the flow of funds from foreign investors.
"The Bank Nifty index encountered resistance around the 48,000 level, resulting in an inability to sustain at those higher levels, leading to some selling pressure. The immediate support for the index is positioned at 47,800,” Kunal Shah, Senior Technical & Derivative analyst at LKP Securities, said.
This week, investors will be eyeing key events such as India’s forex reserves data, FPI flows, and RBI monetary policy meeting (MPC) minutes, along with US GDP growth rate, which are likely to keep the markets buzzing