Nifty All Set to Have Lower Opening on New COVID Strain

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Nifty All Set to Have Lower Opening on New COVID Strain

By Puneet Sikka

Investing.com -- Nifty is all set to have a lower opening today as both Dow Futures and Nifty 50 Futures are down by more than 1% at around 8:15 am today. The worldwide stock markets got a scare from the new COVID strain named B.1.1.529 detected in South Africa, and WHO has described it as "very different" from the previous versions. We are already seeing an impact of this new strain as the UK announced that it will temporarily ban flights from South Africa.

Markets don't like uncertainty. Already there is uncertainty as to when the US Federal Reserve will start raising interest rates and taper the bond purchases to combat the growing menace of inflation. The longer these uncertainties go, the longer the bears will dominate the markets.

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  • Arunkumar nhtmc @Arunkumar nhtmc
    I guess it will reach to ~15,500
    Like 0
  • gitesh shah @gitesh shah
    monthly demand zone at 16000
    Like 1
  • Shoaib Khan @Shoaib Khan
    nifty will fall till 17000 psychological level
    Like 4
  • mani madhav @mani madhav
    dow is correcting.  So nifty may go down upto 16800.
    Like 1
  • Ritesh Sao @Ritesh Sao
    market dowen side today
    Like 0
  • Ajai Tirumala @Ajai Tirumala
    will the supporting levels of nifty 17200 break
    Like 1
  • Siddharth Ahuja @Siddharth Ahuja
    Expecting a heavy fall in the first half, and bounce back in the second.
    Like 2
  • Saubhagya Deep @Saubhagya Deep
    expecting a gap down then range bound
    Like 0
  • Emmanuel James @Emmanuel James
    Ic there are no reason for crash then covid is always there .
    Like 1
    • Rakesh Prasad @Rakesh Prasad
      People will first pull out money , then after analyse what happened.
      Like 1
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  • Rakesh Prasad @Rakesh Prasad
    Nifty will be on free fall today.
    Like 7
    • Rajat Bhatnagar @Rajat Bhatnagar
      ok
      Like 2
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