Today Nifty opened negative bias in the absence of any supportive cues. Inflation fell to its lowest level in more the three years last month, the inflation data affects share market. Nifty is continuing with strong down trend. All sector index Auto, Bank, Pharma, FMCG, metal,Energy and Commodity weaker today.
DLF and Cairn India moved down 2%. DLF shares fall 3% in early trade after company reported net profit of Rs 2.85 billion that is lower than market expectations.
Ranbaxy Share gain 0.98% in early trading session. Drug firm Ranbaxy Laboratories and its Japanese Parent Daiichi Sankyo will integrate their business operation in Thailand.
Nifty Future Feb series traded at 5878.00 down 22.20 points.
Trading strategy today
Buy Nifty future below 5877.25 Target 5880.00/5881.00/5882.25.
Sell Nifty Future Target above 5877.00 Target 5884.25/5883.00/5882.25.