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The Economic Times
The Economic Times
Business
Akash Podishetti

D-Street set for a negative opening as GIFT Nifty signals weak start

Indian benchmark indices traded in a choppy range on Friday but managed to close in positive territory and near the day's highs. Despite the positive close, Brent crude oil prices sustaining above the $85 per barrel level remained a key concern for investors, keeping the overall sentiment cautious. For Nifty, analysts say a move Friday’s high and 50 days EMA placed around 24,190 will open pullback towards 24,300-24,350 levels in the coming sessions. While a breach below weekly low of 24,076 will signal testing of the major support area of 24,000-23,800.

STATE OF THE MARKETS

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