Global Markets

US markets: -150 for the Dow Jones

futures for the Dow: +100 points

markets in Asia: mixed

(Adjusted) GIFT Nifty: +20 points

Data Analysis

Technical Outlook

Nifty (Spot)

• Nifty makes a comeback from 19300, but opposition will come from 19555 and 19630.
• In the 19555–19530 range, selling pressure is anticipated; above this, short covering is anticipated.
• The next support levels will be 19300 and 19191, with 19400 serving as an intermediary support level.

Bank Nifty (Spot)

• Banknifty found support near the 44444 level, however a supply zone is between 45200 and 45400.
• In the absence of 45400, we can anticipate short covering and selling pressure.
• The next support zone will be between 43700 and 43300 below the 44444 level.