Nifty may trade between 8730-8750: Indira Securities

Indira Securities’ Market Report:

Extending their northward journey, Indian equity benchmarks ended the Wednesday’s session with a gain of over half a percent with key gauges recapturing their crucial 28,700 (Sensex) and 8,700 (Nifty) levels. Sentiments remained up-beat since beginning of the trade and benchmarks managed to fervently gain from strength to strength to end near intraday high levels as investors continued hunt for fundamentally strong but oversold stocks.

For today’s trade Nifty likely to trade in the range between 8730 – 8750 in the upper side and 8700 – 8690 in the lower side.

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