Analysts say that on Thursday, the industry must trade inside the levels of 13750 and 13550
Nifty futures had been trading 24.50 points down at 13,661.50 on Singaporean Exchange, indicating a gap-down begin for BSE Sensex and Nifty 50 on Thursday. Market participants will react to US Federal Reserve’s announcements, and watch stock-distinct developments. “On Thursday, the market should trade within the levels of 13750 and 13550. A close below the 13550 levels would be negative for the market. It is also advisable to take profit on a trading long positions between 13740/13760 level,” mentioned Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
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