Market Outlook for 19 August 2016
Nifty is likely to open flat to negative tracking cues from SGX Nifty which was trading 13 points lower at 8670 at 8 am. European and US markets closed with small gains. Asian markets are trading little lower with Nikkei down 0.07%, HangSeng down 0.42% and Kospi down 0.13%.
On the technical front BankNifty has given a fresh breakout and may head towards 19800 levels before expiry helping Nifty move higher to 8780 levels.
F&O Recommendation :
BUY NMDC TARGET 118 SL 99