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Crucial for Nifty to cross 9,709

The index bounced from support at 9,450, as the GST came into force over the weekend

Devangshu Datta 

The index bounced from support at 9,450, as the goods and services tax or GST came into force over the weekend. The initial trader response to GST seems favourable. It remains to be seen if the index can now perform a new record high, beating the early June record of 9,709. There is nervousness focussed on GST implementation and around the management of the NPA crisis. Brexit negotiations remain on the agenda and the Qatar crisis continues. Traders are also starting to bet on the outcome of central bank meets.  The US Fed, the Bank of Japan (BoJ) and the ECB (European Central ...

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