For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

Nifty ends flat on profit booking

By Religare

Indian indices ended the volatile session flat to negative, amid profit booking in index heavy weight stocks. Nifty future contract expiring on 28th May 2015 fell 0.07 percent or 6.00pts to close at 8366.80, with premium of 1.15points and open interest decreased by 0.15 percent.

On daily charts, Nifty has made a high wave candle with long shadows on both sides, indicating indecision among the market participants. Further, the index has manages to close above the range of 310 points (8360-8050) for the second consecutive session reflecting positive bias. So, traders are advised to use every correction to build long position in the market. The positive slope in strength indicator RSI and momentum oscillator Stochastic are above their respective reference lines indicating build up bullish sentiments.

Story first published: Tuesday, May 19, 2015, 23:00 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more