Caution is however likely to prevail in the near term as the country gears up to unveil a nationwide Goods and Services Tax (GST) on July 1, while monitoring global factors such as falling crude prices. Markets are closed on Monday for a public holiday. For the week, both the indices logged small weekly gains on hopes the Reserve Bank of India will cut interest rates after minutes from a monetary policy committee meeting earlier this month showed one member acknowledging that inflation had eased. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices shed over 1% each. The S&P BSE Sensex ended at 31,138, down 152 points, while the broader Nifty50 settled at 9,574, down 55 points.
Asian shares edged up on Monday on optimism about global growth, while the dollar was on the defensive as a subdued U.S. inflation outlook capped US bond yields and raised questions about the Federal Reserve’s plans to tighten policy.
Best Nifty Buy Sell Trading Levels for Tomorrow (27th June)
BUY COX&KINGS ABOVE 299 TARGETS 301.90, 304.80, 307.70 STOPLOSS 293.20
BUY POLARIS ABOVE 262 TARGETS 264.60, 267.20, 269.80 STOPLOSS 256.80
SELL DALMIASUG BELOW 126 TARGETS 124.80, 123.60, 122.40 STOPLOSS 128.40