Market Outlook for 2 Sep 2016

Categories: Daily Market Outlook
September 2, 2016Posted By Admin

Nifty is likely to open lower today tracking negative cues from SGX Nifty which was trading 20 points down at 8804 at 8:55 am. Nifty having rallied significantly in this week may see some profit booking before resuming the move towards 8880-8930. Keep your long positions open with a Nifty Stoploss below 8700 (Spot).

Asian markets are mostly trading flat with Nikkei up 0.23%, HangSeng up 0.48% and Kospi up 0.7%.

F&O Recommendation:

SELL JUSTDIAL TARGET 461/433 SL 501