Market Outlook for 21 July 2016
Indian markets continued to trade in a range yesterday and Nifty closed 37 points up at 8565. Today markets may open flat to positive tracking SGX Nifty which was trading 4 points down at 8585. A move above 8600 may take Nifty to 8720-8750 levels in coming sessions. Underlying market tone remains bullish and it’s a buy on dips market.
European and US markets ended higher yesterday. Asian markets are also trading higher with Nikkei trading 1% up and Hang Seng 0.7% up.
ITC, ABB India, Zensar, Ashok Leyland, GNFC, Syngene, Biocon are some of the companies expected to declare their Q1 results today.
LONG DIVISLAB, ULTRATECH