Bitcoin rockets above $5,000 to all-time high
The bulls managed to regain control over D-Street on Thursday after closing in negative territory in the previous session. The index made a strong bull candle on the daily candlestick charts and closed above 10,000, which augers well for the bulls.
The Nifty closed at 10,096.4 on Thursday. According to Pivot charts, the key support level is placed at 10,014.17, followed by 9,931.93. If the index starts to move higher, key resistance levels to watch out are 10,141.57 and 10,186.73.The Nifty Bank closed at 24,361.2. Important Pivot level, which will act as crucial support for the index, is placed at 24,095.27, followed by 23, 829.33. On the upside, key resistance levels are 24,510.27, followed by 24,659.33.
US stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup. The Dow Jones Industrial Average fell 31.88 points, or 0.14 percent, to end at 22,841.01, the S&P 500 lost 4.31 points, or 0.17 percent, to 2,550.93 and the Nasdaq Composite dropped 12.04 points, or 0.18 percent, to 6,591.51.
Asia shares firm to near 10-year high
Asian stocks held firm near a 10-year high on Friday thanks to expectations of brisk global growth. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, having gained 3.4 percent so far this month. Japan's Nikkei was little changed.
The Nifty50 futures on the Singapore Stock Exchange were trading 20 points lower at 10106 indicating a flat to negative opening for the domestic market.For more, watch the Markets@Moneycontrol show. Moneycontrol Editor Santosh Nair talks to Maryam Farooqui on what to expect in the trade today.