GOOD MORNING ALL,
The Indian stock market is expected to open in the red with trends on SGX Nifty indicating a negative opening for the index in India with a 42 points loss.
The BSE Sensex was down 134.03 points to close at 38,845.82 on September 18 while the Nifty50 fell 11.10 points to 11,505.
According to pivot charts, the key support levels for the Nifty is placed at 11,439.37, followed by 11,373.73. If the index moves up, the key resistance levels to watch out for are 11,577.37 and 11,649.73.
US Markets
US stocks turned lower in volatile trading on Friday as worries about rising coronavirus cases and a patchy economic recovery dampened risk sentiment, with technology-related stocks reversing early gains to extend their declines to a third day.
Dow Jones Industrial Average was down 45.63 points, or 0.16 percent, at 27,856.35, the S&P 500 was down 15.74 points, or 0.47 percent, at 3,341.27 and the Nasdaq Composite was down 71.77 points, or 0.66 percent, at 10,838.51.
Asian Markets
Asian shares held to tight ranges on Monday, as did currencies, as investors awaited developments on U.S. fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe.
MSCI's broadest index of Asia-Pacific shares outside Japan was a shade weaker, though it was not too far from a June 2018 peak at 568.84. Australian and New Zealand shares both opened in the red while South Korea's KOSPI was 0.1% up.
SGX Nifty
Trends on SGX Nifty indicate a negative opening for the index in India with a 42 points loss. The Nifty futures were trading at 11,477 on the Singaporean Exchange around 07:30 hours IST.
I will not be able to provide calls and updates today as I will be busy with live training! Play safe and expect a flat day today!