Prediction on Indian Nifty Market Trading Tips

The BSE Sensex and Nifty opened lower on Wednesday tracking weak global cues. Asian stock markets traded weak after the Dow ended with losses of 1.65 per cent overnight.
The Sensex fell as much as 58 points to 29,512.48, while the Nifty shed around 18 points to 8,892.50.

Analysts expect domestic markets to consolidate after a stellar rally, that added 8 per cent to the Sensex over eighth sessions. Sentiments remain buoyant as foreign investors continued their buying spree. On Tuesday, FIIs were net buyers to the tune of Rs 954 crore in the cash market.

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