Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 42 points or 0.39 percent. Nifty futures were trading around 10,784-level on the Singaporean Exchange.
Technically, 10929 will be important resistance level to watch out for. Also, as long as Nifty trades below 10800, 10749, chances of profit booking remains high.
Trends on the SGX Nifty indicate that the Nifty will open 41.50 points or 0.38 percent higher today. Nifty futures were trading around 10,830 on the Singaporean Exchange
A sustained trade above 10,800 may induce a rally towards 10,950-11,050 where the index may once again face resistance
The Nifty50 has almost rallied around 4 percent in the last two sessions and there is a possibility that it can undergo some profit booking in the next one or two sessions.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 23.5 points or 0.22 percent. Nifty futures were trading around 10,576-level on the Singaporean Exchange.
The maximum put open interest buildup of more than 35 lakh & 50 lakh shares at 10,500 and 10,200 put strikes, respectively, should provide strong support to the Nifty
Technically, much of the Tuesday’s rally could be on the back of short coverings but for bulls to take control, Nifty has to surpass and close above its 200-DMA placed around 10750.
A break below 10440 levels could take the index towards the next support which is seen at 10250-10200 levels. The immediate level on the upside is seen at 10560-10600 and above that at 10750 levels.
The Nifty has reached a support level and may see some pullback rally from these support levels once the election uncertainty is over.
D-Street will first react to Dr. Urjit Patel's resignation as the RBI Governor which may create a temporary flutter in the markets, apart from that outcome of state polls is likely to chart the direction of markets.
While the November expiry week ended on a promising note, market participants were completely baffled with the moves in the week gone by.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 126.5 points or 1.18 percent. Nifty futures were trading around 10,612-level on the Singaporean Exchange.
The coming week will be guided by macro data as well as state election results. Apart from that movement of crude oil price, rupee FIIs flows as well as trade talks will be guiding factors.
Bulls will only be able to take control once the Nifty reclaims its 200-DMA, which is placed at around 10,750 on a closing basis
Trends on SGX Nifty indicate that the index will open 51 points (0.48 percent) higher in India. Nifty futures were trading around 10,675 on the Singaporean exchange
Going forward, any decisive move below the 10,525–10,440 zone will open the door to a retest of 10,000 – 9,950
Both Sensex and Nifty broke below crucial support levels which is a sign of worry for investors in the near-term.
From a technical perspective, after hitting a bottom in October, mid-cap and small-cap indices marginally outperformed the Nifty, and right now, they appear to be on the verge of a fresh breakout
Going forward, the bias is expected to remain bearish. At the lower end, if Nifty sustains below 10,750, it may drift down towards 10660.
Trends on SGX Nifty indicate that the index will open 87.50 points or 0.81 percent lower in India
If the index manages to stay above this resistance i.e. 10,970, it will extend the uptrend and rise to 11,085-11,150
Trends on SGX Nifty indicate that the index will open 0.46 percent or 50.50 points lower in India. Nifty futures were trading around 10,862 on the Singaporean exchange
In the coming sessions, derivative data suggests 11,000 will act as crucial resistance for Nifty as call writers were seen active in 11,000 strike, whereas on downside 10,700-10,500 will be major support
It looks like the market has already priced in the uncertainty the way it has been moving in a narrow range since last Friday.