Global Markets

Markets in the US: Dow Jones -77 points

Futures for the Dow: -48 points

Asia-Pacific markets:

(Adjusted) GIFT Nifty: -100 points

Data Analysis

Technical Outlook

Nifty (Spot)

• Profit booking and GIFT are occurring in the Nifty. The Nifty index is recommending another gap-down opening.
• The crucial support levels are 19840 and 19650, and 20000 will now act as a significant barrier.
• The sell-on-rise approach has made the near-term texture weak.

Bank Nifty (Spot)

• Additionally experiencing a pullback, Banknifty has formed a double top at the 46300 level.
• An immediate and crucial support level of 45000 is where we can anticipate a rebound.
• The following support level is 44500.
• The 45500 level will operate as an instant barrier on the upswing.