Global Markets

Markets in the US: Dow Jones +26

Futures for the Dow: -27 points

markets in Asia: mixed

(Adjusted) GIFT Nifty: +24 points

Data Analysis

Technical Outlook

Nifty (Spot)

• Nifty respects the 10-DMA, but 19740 presents a hard obstacle right away.
• The following obstacles are 19740, 19800, and 19840 above that.
• The next support level for Nifty will be 19500 if it drops below the 19625 mark.

Bank Nifty (Spot)

• In comparison, Banknifty has a better structure, with 45600 acting as an instant support level.
• The first area of resistance is between 46000 and 46200, while the second is between 46500 and 46600.
• The next support level after 45600 is 45000.