Global Markets

US markets: 40 points on the Dow Jones

+6 points for Dow futures

Markets in Asia: Mixed

GIFT Nifty: (adjusted) +44 points

Data Analysis

Technical Outlook

Nifty (Spot)

• The 19500–19550 crucial resistance zone is drawing near for the Nifty.
• An immediate support level is represented by 20-DMA of 19390; 19200 is the next support level below this.
• Only above the 19550 level is a significant upswing anticipated.

Bank Nifty (Spot)

• At 43500, the Banknifty has quick and reliable support.
• A shift toward the 44000–44200 region is anticipated.
• The 200-DMS of 43200 is a solid support level below 43500.