The BSE Sensex corrected 66.23 points to 52,586.84, while the Nifty50 fell 15.50 points to 15,763 and formed bearish candle which resembles Shooting Star kind of pattern on the daily charts. The index declined 0.6 percent during the week, witnessing Hammer kind of pattern formation on the weekly scale.According to pivot charts, the key support levels for the Nifty are placed at 15,717.6, followed by 15,672.2. If the index moves up, the key resistance levels to watch out for are 15,835.6 and 15,908.2.US MarketsUS stocks fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains.The Dow Jones Industrial Average fell 149.06 points, or 0.42%, to 34,935.47, the S&P 500 lost 23.89 points, or 0.54%, to 4,395.26 and the Nasdaq Composite dropped 105.59 points, or 0.71%, to 14,672.68.Asian MarketsAsian shares face another tough week as Beijing's regulatory crackdown fans fears about China's economy, though upbeat economic data in the United States and Europe and solid corporate earnings put a floor under their markets.China's woes were underlined over the weekend by a survey showing factory activity grew at the slowest pace in 17 months amid rising costs and extreme weather. Japan's Nikkei bounced back 1.1%, but that was from its lowest since January.SGX NiftyTrends on SGX Nifty indicate a positive opening for the index in India with a 89 points gain. The Nifty futures were trading at 15,863 on the Singaporean Exchange around 07:30 hours IST.
The BSE Sensex corrected 66.23 points to 52,586.84, while the Nifty50 fell 15.50 points to 15,763 and formed bearish candle which resembles Shooting Star kind of pattern on the daily charts. The index declined 0.6 percent during the week, witnessing Hammer kind of pattern formation on the weekly scale.According to pivot charts, the key support levels for the Nifty are placed at 15,717.6, followed by 15,672.2. If the index moves up, the key resistance levels to watch out for are 15,835.6 and 15,908.2.US MarketsUS stocks fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains.The Dow Jones Industrial Average fell 149.06 points, or 0.42%, to 34,935.47, the S&P 500 lost 23.89 points, or 0.54%, to 4,395.26 and the Nasdaq Composite dropped 105.59 points, or 0.71%, to 14,672.68.Asian MarketsAsian shares face another tough week as Beijing's regulatory crackdown fans fears about China's economy, though upbeat economic data in the United States and Europe and solid corporate earnings put a floor under their markets.China's woes were underlined over the weekend by a survey showing factory activity grew at the slowest pace in 17 months amid rising costs and extreme weather. Japan's Nikkei bounced back 1.1%, but that was from its lowest since January.SGX NiftyTrends on SGX Nifty indicate a positive opening for the index in India with a 89 points gain. The Nifty futures were trading at 15,863 on the Singaporean Exchange around 07:30 hours IST.