Ahead of Market: 10 things that will decide stock action on Monday

economictimes.indiatimes.com:

Nifty settled below 65,000 levels at 64,949, down 202 points, while Nifty ended 55 points lower at 19,310. Sectorally, IT, Realty and healthcare indices posted the most drag, while Media, PSU Bank and FMCG indices ended with marginal gains.Here's how analysts read the market pulse:“Indian indices encountered a week of vulnerability due to adverse global and domestic cues, accompanied by a shift towards safer assets by investors like the USD. Discouraging domestic industrial production, negative wholesale inflation, and elevated CPI inflation contributed to market volatility.

Additional strains emerged from stronger-than-expected US retail sales data; adding to Fed rate hike fears, concerns about US bank rating downgrades, and a sudden Chinese central bank rate cut hindered recovery and sustained selling pressure,” Vinod Nair, Head of Research at Geojit Financial Services, said. “The index has consistently remained below its 21-day Exponential Moving Average (EMA), a sign that underscores the prevalence of a bearish trend. On the lower end, support is placed at 19250.

A fall below 19250 may trigger a correction towards 19000 and lower. On the higher end, resistance was placed at 19500,” Rupak De, Senior Technical analyst at LKP Securities, said. That said, here’s a look at what some key indicators are suggesting for Monday's action:US Market FlatThe S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week's speech by Federal Reserve Chair Jerome Powell.