Tuesday, 16 April 2019

17th April, 2019 Morning Brief

Market will remain closed today.

A better monsoon outlook from IMD provided relief to investors who had become nervous after Skymet's below average rainfall. India’s merchandise exports rose to a five-month high of 11.02 percent in March 2019 as compared to same period of last year, on account of higher growth mainly in pharma, chemicals and engineering sectors, expecting another 0.25% rate cut from RBI.

Nifty has made bullish candle on the daily chart yesterday giving a breakout above it's double top formation ie 28th August and recent high.

Today's global markets will set a path for tomorrow's opening.

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