Global Markets

US stock markets: Dow Jones down 191 points.

Futures for the Dow: +120 points

markets in Asia: mixed

(Adjusted) GIFT Nifty: -80 points

Data Analysis

Technical Outlook

Nifty (Spot)

• After pausing close to the 20-DMA, Nifty quickly recovered.
• The next support levels will be 19300 and 19191 if Nifty drops below the 19500 mark following the gap-day beginning.
• In order to make a short-covering move, it must pass the 19650 level.

Bank Nifty (Spot)

• Banknifty is attempting to defend the 44444 support level, however the important supply zone is between 45000 and 45100.
• The following support levels are 43800 and 43333 if it drops below the 44444 level.
• The next obstacle is a 20-DMA of 45400 above 45100.