Nifty may trade between 8520-8550: Indira Securities

Indira Securities’ Market Report:

Indian equity markets closed with significant gains in Monday's trade. The sentiments were on optimistic note after global rating agency Fitch underscored that sustained fiscal consolidation, structural reforms and low inflation were positive for the country's ratings, prevented sharper slide of Indian currency.

Traders were seen piling positions in Capital Goods, FMCG and PSU stocks. For today’s trade Nifty likely to trade in the range between 8520 – 8550 in the upper side and 8470 – 8450 in the lower side.

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