17400 CONTINUES TO BE IMMEDIATE SUPPORT; 16824 IMMEDIATE SUPPORT
WORLD MARKETS
Dow, boosted by strong
earnings from Procter & Gamble, rose 0.7% while S & P 500 and Nasdaq
fell 0.1% and 1.2% respectively, dragged down by Netflix’s post-report plunge.
US 10-year treasury yield
dipped 10 bps to 2.84%. Dollar index dipped 0.6% to 100.32. Gold inched up 0.4%
to $1957 per ounce.
Brent as well as WTI
crude futures rose 0.2% each to $107.27 and $102.40 per barrel respectively.
European markets gained
0.4%-1.4%.
AT HOME
Benchmark indices climbed
a percent each, snapping a 5-day losing streak. Sensex settled at 57037, up 574
points while Nifty added 178 points to finish at 17136. Nifty mid-cap index
rose 0.8% while small-cap index inched lower by 0.2%. BSE Auto and Energy
indices were the top gainers among the sectoral indices, rising 2.2% each
whereas Metal index was the top loser, down 0.4%, followed by 0.2% lower Utilities,
Bankex and Capital Goods indices.
FIIs net sold stocks
worth Rs 3009 cr but net bought index futures and stock futures worth Rs 122 cr
and 1666 cr respectively. DIIs were net buyers to the tune of Rs 2646 cr.
Rupee appreciated 30
paise to end at 76.51/$.
OUTLOOK
Today morning, Nikkei is
up more than a percent while Hang Seng and Shanghai are off 0.4% and 0.1%
respectively. SGX Nifty is suggesting nearly 100 points higher strat for our
market.
In yesterday's report we
had said that 16824, the low made Tuesday, was the immediate support while
immediate hurdle on the hourly chart had moved lower to 17400.
Nifty touched a high of
17187 before closing at 17136 and is set to open above 17200 today.
17400 continues to be
immediate hurdle while 16824, the low made Tuesday, continues to be immediate
support.
35926, the low made
Tuesday, which roughly coincided with 34-DMA, continues to be immediate support
for Banknifty; 37260 continues to be immediate hurdle.
HCL Tech will report its
quarterly earnings today.
No comments:
Post a Comment