Global Markets

US stock markets: Dow Jones gains 127 points

Futures on the Dow: -8 points

Asia-Pacific markets: Positive

(Adjusted) GIFT Nifty: +30 points

Data Analysis

Technical Outlook

Nifty (Spot)

• At the 19333 level, where Nifty is establishing a temporary bottom, we can move to cover short positions.
• 19600 will be the first obstacle, and 19800 is a significant one.
• We can only anticipate a pickup in bullish momentum above 19800.
• 1933-19250 is now a demand area for the immediate future.

Bank Nifty (Spot)

• Banknifty is also close to the 43777–43333 support zone.
• There will be immediate resistance between 44444 and 44600.
• Significant short covering is only anticipated over the 45,000 level.