After yesterday’s upsurge, foreign signals have been mixed for Indian share market today. Today there is also a weekly expiry of Indian markets. SGX Nifty opened with a gain of 35 points but lost this edge after some time. At present, it seems to be trading only around 11300. Dow Futures and Nasdaq Futures opened up very sluggishly but gradually increased. Dow Futures are trading down by 70 points, while Nasdaq Futures are down by more than 20 points.
Conditions in U.S. Markets
Yesterday, after a long time in the US markets, the Dow Jones closed with a gain of 440 points, the S & P500 gained 67 points, ie it has closed up by 2%. This has been the best boom in S&P since June. The Nasdaq showed spectacular gains yesterday, closing with a massive lead of 294 points. It was the most spectacular trading day on the Nasdaq since April due to good buybacks in tech stocks.
Asian Markets Status
In Asian markets, Japan’s Nikkei is trading with a gain of around 0.75%, Hong Kong’s Hang Seng is also open with a strength of 0.50%. China’s Shanghai, however, is trading with a sluggish 2%. European markets closed on a good rise yesterday, Germany’s market DAX gained 2.07%, France’s CAC 40 closed 1.40% and London’s FTSE 100 closed 1.39%.
Shares Rise and Fall at Nifty
IndusInd Bank, Tata Motors, SBI, Bajaj Finserv, Reliance, BPCL, Axis Bank, ICICI Bank, Tata Steel and HDFC Life Shares could boom today. At the same time, UPL, Bharti Infratel, Bajaj Auto, Titan, Bharti Airtel, ZEEL, Hindalco, Tech Mahindra, Britannia, HUL, Nestle and Dr. Reddy’s shares may fall.
What are Today’s Strategies?
The return in US markets yesterday is more than expected, after the Nasdaq fell below 10% it seemed that it was going into the Correct zone, but it made a comeback. Support from global markets is very good. On the other hand, the situation with China is neither good nor bad, we can call it neutral in a way, there is selling pressure on the FIIs, so both sides should trade. Today’s support range for the Nifty is 11175-11225, the upper range is 11375-11425, while the 21900-22100 support range is for the Nifty Bank and the 22450-22750 is the upper range. The weekly expiry is today, so there may be some ups and downs in the market, traders will be a little more careful even today.