Opening Bell – Nifty, Sensex open slightly lower ahead of GST rollout

The BSE Sensex opened higher by 33 points at 30824, while the Nifty50 opened lower by 26 points at 9478 mark.

Bank of Baroda is the top Nifty gainer and Tech Mahindra is the top Nifty loser in the morning hours. 
 
Now, going forward, Nifty50 has immediate support placed around 9,450, and if it holds below 9,450 it may trigger fresh selling towards the levels of 9,420 and then 9,400, while, on the upside, resistances are seen in the zone of 9,550-9,560.
 
The rupee opened at 64.72 per US dollar depreciated by 9 paise. On Thursday, the rupee closed at a one month low of 64.63 against the US dollar after local equity markets erased all the gains and ended little change ahead of the rollout of good and services tax from 1 July.



NIFTY TRADING TIPS