SGX Nifty up 25 points; here's what changed for market while you were sleeping

1 month ago 58

Synopsis

Options of Nifty 50 indicate a broad trading range of 17800-18300 points for the index. Volatility is likely to be there due to the expiry of the December derivatives series on Thursday.

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Trends in Asian markets will decide the course of action for domestic equities as the US markets were closed on Monday for Christmas. While the bulls made a comeback on Monday and helped Nifty 50 close above the 18000-mark, the underlying mood remains cautious.

Options of Nifty 50 indicate a broad trading range of 17800-18300 points for the index. Volatility is likely to be there due to the expiry of the December derivatives series on Thursday.

Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 25.5 points, or 0.14 per cent, higher at 18,054.50, signaling that Dalal Street was headed for a positive start on Tuesday.

Tech View: The overall structure shows that Nifty 50 will likely witness both-side movements in the coming days. The index may find support at around 17850 followed by 17800 levels, while on the upside, 18220 may act as an immediate hurdle.

India VIX: A rebound in equities pulled down the ‘fear gauge’ in trade on Monday. The index ended 1.4% down at 15.9325 points.

Asian shares riseStock markets gained while the U.S. dollar softened on Tuesday after China said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing COVID-19. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%.

  • Japan’s Topix rose 0.1% as of 12:49 p.m. Tokyo time
  • South Korea’s Kospi rose 0.2%
  • T...
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