Epic Update : Nifty in tight range

[epicresearch]

The NSE Nifty has been moving in a tight range around the 5150 level since yesterday ahead of F&O expiry. The market is heading for strong closing in the current series as compared to previous series. Benchmarks rallied 4% in June series on hopes of rate-cut, stimulus from central banks globally and some policy or reform decision from new finance minister. However, benchmarks crashed 5% in May.

The BSE benchmark gained 41.80 points at 17,009.56 and the NSE benchmark rose 10 points to 5,151.75. The broader markets were up 0.4%.