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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