The SgxNifty Future is trading at 11,303.50 with a loss of -0.33% percent or -37.00 point. The Nikkei 225 Future is trading at 22,998.00 up with +1.22% percent or +278.00 point.The Hang Seng Future is trading at 25,218.00 up with +1.30% percent or +323.00 point.
TODAY’S FACTORS AND EVENTS
Trends in SBI are good today and the sustained sideways action seems to be giving a breakout on the upside. The chart shows a possible inverted Head and shoulder pattern breakout. The pattern has a possible target of upto 50 points! So worth buying a 200 call (10) and holding on for a while.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 27,686.91 with a loss of -0.38% percent or ?104.53 point. The S&P 500 is trading at 3,333.69 with a loss of –0.80% percent or ?26.78 point. The Nasdaq Composite is trading at 10,782.82 with a loss of -1.69% percent or -185.53 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,843.96 up with +0.41% percent or +93.72 point. Hong Kong’s Hang Seng is trading at 25,101.49 up with +0.85% percent or +210.81 point. China’s Shanghai Composite is trading at 3,319.27 with a loss of –0.63% percent or –21.02 point. India’s BSE Sensex is trading at 38,355.35 with a loss of –0.13% percent or 51.66 point at 12:15 PM.