The market is expected to open in the green as trends in the SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 100 points. The BSE Sensex fell 111 points to 52,908, while the Nifty50 declined 28 points to 15,752 and formed a bullish candle that resembled a Hammer pattern on the daily charts. On the weekly scale, it formed a bearish candlestick, as the closing was lower than the opening level though the index gained a third of a percent.As per the pivot charts, the key support level for the Nifty is placed at 15,577, followed by 15,403. If the index moves up, the key resistance levels to watch out for are 15,860 and 15,969.US MarketsWall Street bounced back to a sharply higher close in light trading on Friday as investors embarked on the second half of the year ahead of the long holiday weekend. All three major US stock indices reversed early losses to end well into the positive territory after the stock market's worst first half in decades.The Dow Jones Industrial Average rose 321.83 points, or 1.05 percent, to 31,097.26, the S&P 500 gained 39.95 points, or 1.06 percent, to 3,825.33 and the Nasdaq Composite added 99.11 points, or 0.90 percent, to 11,127.85.Asian MarketsAsian share markets started cautiously on Monday as a run of soft US data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent, while Japan's Nikkei added 0.9 percent.SGX NiftyTrends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 100 points. The Nifty futures were trading around 15,844 levels on the Singaporean exchange.
The market is expected to open in the green as trends in the SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 100 points. The BSE Sensex fell 111 points to 52,908, while the Nifty50 declined 28 points to 15,752 and formed a bullish candle that resembled a Hammer pattern on the daily charts. On the weekly scale, it formed a bearish candlestick, as the closing was lower than the opening level though the index gained a third of a percent.As per the pivot charts, the key support level for the Nifty is placed at 15,577, followed by 15,403. If the index moves up, the key resistance levels to watch out for are 15,860 and 15,969.US MarketsWall Street bounced back to a sharply higher close in light trading on Friday as investors embarked on the second half of the year ahead of the long holiday weekend. All three major US stock indices reversed early losses to end well into the positive territory after the stock market's worst first half in decades.The Dow Jones Industrial Average rose 321.83 points, or 1.05 percent, to 31,097.26, the S&P 500 gained 39.95 points, or 1.06 percent, to 3,825.33 and the Nasdaq Composite added 99.11 points, or 0.90 percent, to 11,127.85.Asian MarketsAsian share markets started cautiously on Monday as a run of soft US data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent, while Japan's Nikkei added 0.9 percent.SGX NiftyTrends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 100 points. The Nifty futures were trading around 15,844 levels on the Singaporean exchange.