Intraday Tips, Nifty May Open Flat On Back Of Mixed Global Cues: ICICIdirect

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Nifty 
On the back of selling in global markets, the Nifty started on a dismal note. However, the level of 8860 acted as a strong support from where the Nifty managed to end almost flat. Nifty futures settled at a premium of 25 points. India VIX remained flat 0.4 percent and ended at 13.3.

Nifty Bank 
The level of 20500 acted as decent support and managed to end almost flat. With the rupee appreciating against the US dollar and cash buying seen on part of FIIs, we feel the index is well placed to retest the level of 20800-21000 in coming days.

Nifty Future 
The Nifty is likely to open flat on the back of mixed global cues. Sell Nifty in the range of 8960-8970 for targets of 8910-8890, stop loss: 8990.

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