Global Markets

US stock markets: Dow Jones gains 37 points

Futures for the Dow: -15 points

mixed Asian market

(Adjusted) GIFT Nifty: +25 points

Data Analysis

Technical Outlook

Nifty (Spot)

• The 20-DMA of 19450 put selling pressure on the Nifty.
• The immediate demand range is 19300–19250, while the next support levels are 19191 and 18888.
• There will be quick resistance between 19370 and 19400.
• Short covering moves can only result with movement over 19450.

Bank Nifty (Spot)

• The 50-DMA of 44800 exerted selling pressure on the Banknifty.
• A major support level is a 100-DMA of 44000; the levels below it are 43600 and 43300.
• The number 44440 will now provide a direct obstacle.