Nifty may trade between 8020-8040: Indira Securities

Indira Securities’ Market Report:

Indian equity markets closed with significant losses in Tuesday's trade. The sentiments were on pessimistic note as India’s trade deficit, exerting pressure on country's external sector, widened to 18-month high of USD 16.86 billion in month of November, as compared to USD 9.57 in the same month previous year and USD 13.36 billion in the previous month October.

Traders were seen piling positions in IT and TECK stocks while selling was witnessed in Realty, Metal and Consumer Durables sector stocks. For today’s trade Nifty likely to trade in the range between 8095 - 8130 in the upper side and 8040 – 8020 in the lower side.

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