Pre-market: Nifty seen opening higher; may reclaim 7,550 levels
NEW DELHI: The 50-share Nifty index is expected to open higher on Wednesday following positive trend seen in SGX Nifty, while mixed trend was seen in most of the other Asian markets.
Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,550 but may face some resistance around 7600.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 28.50 points higher at 7,566 indicating higher opening on the domestic market.
Snapping five-session losing streak, the benchmark BSE Sensex surged by 221 points supported by strong buying seen in sensitive stocks. The Nifty ended the day with a gain of 72 points at 7526 on Tuesday.
Exide Industries Ltd is a 'BUY' call with a target of Rs 162 and a stop loss of Rs 147.50.
Buy Bharat Forge Ltd with a target of Rs 710
Bharat Forge Ltd is a 'BUY' call with a target of Rs 710 and a stop loss of Rs 664.
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