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8,250 Levels Crucial for Nifty: Traders

Although sentiment has turned positive after a bounce back in global equities, dealers advise not to be overleveraged in trading positions. Overall, open interest in the markets have become low, said dealers.
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8,250 Levels Crucial for Nifty: Traders

After a massive fall of over 3 per cent in last two trading sessions, the Nifty has given some bounce back today. The Nifty gained over 100 points above the psychological 8,200 mark on Thursday.

However, dealers say that crossing 8,250 will be important for Nifty, for the bulls to takeover.

Although sentiment has turned positive after a bounce back in global equities, dealers advise not to be overleveraged in trading positions. Overall, open interest in the markets have become low, said dealers.

Among stocks, banks, oil marketing companies and paint manufacturers witnessed buying interest today, said dealers.

As of 1.21 p.m. Nifty was up 95 points or 1.17 per cent at 8197.



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