The SgxNifty Future is trading at 13,578.00 up with +0.67% percent or +90.50 point. The Nikkei 225 Future is trading at 26,527.50 with +0.71% percent or +187.50 point.The Hang Seng Future is trading at 26,289.50 up with +0.60% percent or +158.00 point.
TODAY’S FACTORS AND EVENTS
The rally in the Indian equity market may continue in 2021 also and intermittent corrections should be used as buying opportunities, said brokerage firm ICICI Direct in a note on December 23.
“In 2021, Nifty is expected to remain in a structural bull phase with an upside target of 16,200 that is implied by the three year’s consolidation breakout (12,200-8,000),” the brokerage said.
“Within the bull phase, a normal correction of 15-20 percent cannot be ruled out. However, such a correction should not be construed as negative. Rather it should be capitalised on as an incremental buying opportunity with key support at 11,400,”
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 30,015.51 with a loss of –percent or –200.94 point. The S&P 500 is trading at 3,687.26 with a loss of – percent or –7.66 point. The Nasdaq Composite is trading at 12,807.92 up with percent or +65.40 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 26,524.79 up with +percent or +88.40 point. Hong Kong’s Hang Seng is trading at 26,269.10 up with +percent or +149.85 point. China’s Shanghai Composite is trading at 3,376.35 up with + percent or +19.56 point. India’s BSE Sensex is trading at 46,239.75 up with +percent or +233.06 point at 12:15 PM.