Global Markets

Dow Jones is down 290 points in US markets.

Futures for the Dow: +45 points

Asia-Pacific markets:

(Adjusted) GIFT Nifty: -75 points

Data Analysis

Technical Outlook

Nifty (Spot)

• The 10-DMA around 19460 is functioning as a barrier, despite the fact that Nifty is adhering to its 50-DMA.
• We might see a move towards 19191 and 18888 levels if prices drop below 19300.
• We can anticipate some short covering up to the 19600 level if we are above 19460.

Bank Nifty (Spot)

• Banknifty is maintaining its 43600-point 100-DMA.
• The 200- DMA near 42800 is a crucial support level, and 43300, which is below this, is an immediate support level.
• On the upside, 44200 and 44500 are significant obstacles.