Global Markets

US stock markets: Dow Jones drops 174 points

Futures for the Dow: 86 points

Asia-Pacific markets:

(Adjusted) GIFT Nifty: -20 points

Data Analysis

Technical Outlook

Nifty (Spot)

• The crucial thresholds of 19470 and 19550 must be overcome for Nifty to respect its 50-DMA.
• It might stay around the 19300–19550 range for a while.
• The levels of 19191 and 18888 may come under selling pressure if 19300 is moved decisively below.

Bank Nifty (Spot)

• Around 43600, Banknifty is attempting to stay within its 100-DMA.
• The key obstacles will be 44200 and 44444.
• The 200 DMA near 42800 will serve as the next support level below 43300.