GIFT Nifty down 30 points; here's what changed for market while you were sleeping
«Overall we expect the market to consolidate with a positive bias in the near term, before taking flight to record high levels,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 33 points, or 0.17 per cent, lower at 19,479, signaling that Dalal Street was headed for negative start on Thursday.
Tech View: The overall uptrend status of Nifty remains intact. Though, the market placed at new highs, the selling pressure has not been emerging from near the hurdle. If such a pattern continues for the next 1-2 sessions, without showing any further damages, then that could eventually result in a sharp upside bounce in the market. Immediate support is at 19,300 levels. India VIX: India VIX, which is a measure of the fear in the markets, rose 1.56% to settle at 11.88 levels.US stocks dipWall Street's main indexes ended with modest declines on Wednesday as investors digested minutes from the U.S. Federal Reserve's latest meeting and braced for significant economic data in the days to come.
Dow down 0.38%, S&P 500 dips 0.2%, Nasdaq falls 0.18%Asian shares fallAsian shares followed Wall Street lower on Thursday after hawkish signals from the Federal Reserve’s latest meeting minutes damped investor sentiment.
S&P 500 futures fell 0.1% as of 10:00 a.m. Tokyo time. The S&P 500 fell 0.2% Nasdaq 100 futures fell 0.1%. The Nasdaq 100 fell fractionally Hang Seng futures fell 0.3% Japan’s Topix fell 0.6% Australia’s Read more on economictimes.indiatimes.com
