On January 21, the BSE Sensex declined 427.44 points to 59,037, while the Nifty50 dropped 140 points to 17,617 and formed Doji kind of pattern on the daily charts as the closing was near its opening levels. During the week gone by, the index fell 3.5 percent and formed large bearish candle on the weekly scale. According to pivot charts, the key support levels for the Nifty are placed at 17,499.47, followed by 17,381.73. If the index moves up, the key resistance levels to watch out for are 17,721.27 and 17,825.33.US MarketsWall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in March 2020.The Dow Jones Industrial Average fell 450.02 points, or 1.3%, to 34,265.37, the S&P 500 lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite dropped 385.10 points, or 2.72%, to 13,768.92.Asian MarketsAsian share markets slipped on Monday with the Federal Reserve expected to confirm it will soon start draining the massive liquidity that has fuelled the huge gains in growth stocks in recent years. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1% and Japan's Nikkei 1.0%.SGX NiftyTrends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 147 points. The Nifty futures were trading around 17,489 levels on the Singaporean exchange.
On January 21, the BSE Sensex declined 427.44 points to 59,037, while the Nifty50 dropped 140 points to 17,617 and formed Doji kind of pattern on the daily charts as the closing was near its opening levels. During the week gone by, the index fell 3.5 percent and formed large bearish candle on the weekly scale. According to pivot charts, the key support levels for the Nifty are placed at 17,499.47, followed by 17,381.73. If the index moves up, the key resistance levels to watch out for are 17,721.27 and 17,825.33.US MarketsWall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in March 2020.The Dow Jones Industrial Average fell 450.02 points, or 1.3%, to 34,265.37, the S&P 500 lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite dropped 385.10 points, or 2.72%, to 13,768.92.Asian MarketsAsian share markets slipped on Monday with the Federal Reserve expected to confirm it will soon start draining the massive liquidity that has fuelled the huge gains in growth stocks in recent years. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1% and Japan's Nikkei 1.0%.SGX NiftyTrends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 147 points. The Nifty futures were trading around 17,489 levels on the Singaporean exchange.