Nifty Outlook:-
Indian equity markets witnessed profit booking with both Nifty & Bank Nifty
index closing in the red. Nifty index closed at 12021.65 and Bank Nifty index
closed at 31589.05. Next trigger for markets will be RBI policy on 6 june 2019,
with the budget of new Govt scheduled on 5 july 2019. Nse Bse closed today on
account of Ramzan Eid. We are expecting positive momentum to continue for the
next few trading session till nifty holds above 12000 levels. Traders can buy
on dips with stoploss of 11900 levels for the targets of 12100- 12200 levels.
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