GIFT Nifty down 5 points; here's what changed for market while you were sleeping
economictimes.indiatimes.comearnings. Banking stocks will be in focus throughout the week with some heavyweights set to report their results during the week. On the global front, investors will keep an eye on the release of US macro data. Option data suggests a shift trading range in between 19400 to 20000 zones while an immediate trading range in between 19550 to 19900 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 5.5 points, or 0.03 per cent, lower at 19,774, signaling that Dalal Street was headed for muted start on Tuesday.
Tech View: Having moved decisively above the resistance of 19500 levels recently, Nifty is expected to reach towards the next upper trajectories of 19800 levels (1.382% Fibonacci projection) and psychological 20,000 mark in the near term. Important support for trend reversal is placed at 19500 levels. India VIX: India VIX, which is a measure of the fear in the markets, rose 5.92% to settle at 11.32 levels.US stocks upU.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.
Dow up 0.22% S&P 500 rises 0.39% Nasdaq gains 0.93%Asian shares mixedAsian stocks traded mixed Tuesday as China’s sluggish economic recovery triggered growth forecast cuts and a warning from US Treasury Secretary Janet Yellen that it could cause ripple effects across the global economy
S&P 500 futures fell 0.1% as of 9:07 a.m. Tokyo time. The S&P 500 rose 0.4% Nasdaq 100 futures fell 0.1%. The Nasdaq 100 rose 0.9% Japan’s Topix index rose 0.5% Australia’s S&P/ASX 200 Index fell 0.1% Hong Read more on economictimes.indiatimes.com
