GIFT Nifty up 30 points; here's what changed for market while you were sleeping
«Market is likely to consolidate given no clarity given by the US Fed on its future course of action, leading to mixed global cues. Overall strength continues in the market, with the likelihood of consolidation at higher levels,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 30 points, or 0.15 per cent, higher at 19,794, signaling that Dalal Street was headed for positive start on Friday.
Tech View: The short term trend of Nifty seems to have reversed down and more weakness could be in store for the coming sessions. There is a possibility of important cluster support for the market around 19500-19450 levels. Any rise from here could find strong resistance at 19850 levels. India VIX: India VIX, which is a measure of the fear in the markets, rose 0.53% to settle at 10.51 levels.US stocks dipUS stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S. yields higher, snapping the longest winning streak for the Dow since 1987.Asian shares slip Asian stocks were off five-month highs and the yen extended a sharp rally on Friday with speculation that the Bank of Japan could take another small step toward dismantling its super-easy stimulus policies.Yen advancesThe yen strengthened on Friday as speculation mounts that the Bank of Japan could tweak its yield curve control policy later in the day, while the dollar held on to its overnight gains after better-than-expected U.S. economic data.Oil prices fallOil prices fell in early Asian trade on Friday as demand concerns weighed against
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