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Equity Market Weekly Watch

Equity benchmarks extended their winning spree to the fifth week in row, amid improved profit booking and currency pick up. Nifty shot past the 11,600-mark during the week ended Friday, 24 August 2018.

In the Nifty watch out for the week, Bank Nifty down 1%, while Nifty Realty index fell 0.75%.

Looking to the other indices for the week, Nifty Pharma and Nifty Infrastructure shot up 4 percent each. Nifty Energy index rose 3.6%, IT gained 1.2% and FMCG up 0.8%.  In contrast, Bank Nifty was down 1%, and the Realty index fell 0.75%.

Concerns on trade deficit had a negative impact. Crude oil prices have risen internationally on account the US sanctions on Iran.

Indian rupee became a Friday recovery, closing at 69.79 against the US dollar, with an appreciation of 20 paise. Corporates and exporters had a positive impact on selling dollars.

This post first appeared on CallPut Option Trading Strategies| Bank Nifty Tips, please read the originial post: here

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Equity Market Weekly Watch


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