The short term trend of Nifty is choppy and similar movement could be expected for the next session
Nifty futures were trading 26.50 points or 0.17 per cent up at 15,848 on Singaporean Exchange, indicating a positive start for BSE Sensex and Nifty 50 on Tuesday. Market participants will track the earnings from select Nifty majors combined with global cues. Besides, oil prices, rupee movement against US dollar, COVID vaccination drive will also be closely watched. “The short term trend of Nifty is choppy and similar movement could be expected for the next session. The high low range to be watched around 15900-15760 for the next 1-2 sessions. A sustainable move above 15900 could open further upside towards 16000-16100 in a short period of time,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
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