Nifty may trade between 7860-7940: Indira Securities

Indira Securities' technical report:

Indian equity benchmarks closed with moderate losses in Monday's trade. The sentiments were on optimistic note after US Fed Chairperson Janet Yellen at the 3-day Jackson Hole symposium in Wyoming indicated that the central bank remains wary of raising the interest rates.

Traders were seen piling up positions in IT, TECK and Bankex while selling was witnessed in Metal, Realty and Infra sector stocks. For today’s trade market likely to trade in the range between 7920-7940 in the upper side and 7880-7860 in the lower side.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.