Market Outlook for 20 July 2016
Indian markets are expected to open flat to positive and may trade in a narrow range throughout the day. SGX Nifty was up 11 points at 8566 at 8:06 a.m. Asian markets are trading mixed with Nikkei down 0.7%, Hang Seng up 0.8% and Kospi down 0.2%. US markets closed flat in yesterday’s trade. Traders can initiate fresh long positions above 8600 levels on Nifty and unwind existing long positions below 8480.