After a gap-up opening markets steadily inched up and closed near the day’s high. The market breadth was healthy, with 34 of the Nifty50 stocks closing in the green.
Among the Nifty sectoral indices, Financial Services (+1.4%) and Bank (+1.3%) were the top gainers, whereas Media (-0.5%) and IT (-0.3%) were the top losers. Asian Markets and European Markets are positive.US markets have started in red.
Keep an eye out for SGX Nifty, Asian Markets and US markets before making trading decisions.
Currently NIFTY is trading below 16000 and that seems to be a stiff resistance for now. Looking at USD Index we have seen in past few days it has attempted to breach it’s resistance at 92.812. If that is breached we may see a fall in global stock markets .Crude Oil which has had bull run has hit a resistance. prices are already on the move up. We know Gold and Nifty have reverse relationship.
Among the Nifty sectoral indices, Financial Services (+1.4%) and Bank (+1.3%) were the top gainers, whereas Media (-0.5%) and IT (-0.3%) were the top losers. Asian Markets and European Markets are positive.US markets have started in red.
Keep an eye out for SGX Nifty, Asian Markets and US markets before making trading decisions.
Currently NIFTY is trading below 16000 and that seems to be a stiff resistance for now. Looking at USD Index we have seen in past few days it has attempted to breach it’s resistance at 92.812. If that is breached we may see a fall in global stock markets .Crude Oil which has had bull run has hit a resistance. prices are already on the move up. We know Gold and Nifty have reverse relationship.
Billionaire Trader