Global Markets

Markets in the US: Dow Jones -237

Futures for the Dow: +16 points

markets in Asia: mixed

(Adjusted) GIFT Nifty: -33 points

Data Analysis

Technical Outlook

Nifty (Spot)

• The 20-DMA of 19550 is a crucial support even though the Nifty is displaying some symptoms of weakness.
• If 19550 is broken, a market correction towards 19300/18888 levels is to be anticipated.
• 19800-19850 is a strong area of resistance right away on the upside.

Bank Nifty (Spot)

• The 20-DMA around 45350 serves as a crucial point of support for Banknifty.
• Below here, a correction towards levels 44500 and 44000 is to be anticipated.
• 46000-462000 is a strong resistance area right away on the upside.