Global Markets

US markets: +35 points on the Dow Jones

Futures for the Dow: -67 points

Asiatic markets: unfavorable

GIFT Nifty: (Adjusted) -24 points

Data Analysis

Technical Outlook

Nifty (Spot)

• This resistance zone, 19440–19460, is close to the Nifty.
• A brief covering move towards 19550 is anticipated over 19460.
• 19220 is a major support level while 19330 is an immediate support level.
• ‘Buy on dip’ is still the general texture.

Bank Nifty (Spot)

• The Banknifty closed above the 43600 20-DMA.
• We can anticipate a move towards the 44000–44200 zone if it continues above this.
• 43300–43200 is a support zone on the downside.