The SgxNifty Future is trading at 15,710.80 with a loss of -0.06% percent or -10.20 point. The Nikkei 225 Future is trading at 28,452.50 with a loss of -0.28% percent or -80.00 point.The Hang Seng Future is trading at 27,529.00 with a loss of -0.64% percent or -176.50 point.
TODAY’S FACTORS AND EVENTS
The Nifty50 closed below its crucial support, at the 15,700-15,800 levels, and it slipped below the crucial short-term moving averages, such as the 5,10 and 20-Day Moving Averages for the week ended July 9.
The Nifty50 closed in the red for the second consecutive week. This suggests that the index is facing selling pressure at higher levels — around 15,900-16,000.
For the index to move higher now, a close above 16,000 is required for the bulls to push it towards the 16,100 levels, suggest experts who place the support at the 15,450-15,500 levels.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 15,669.55 with a loss of – percent or ?20.25 point.Nikkei 225 is trading at 28,569.02 up with + percent or +628.60 point. Hong Kong’s Hang Seng is trading at 27,515.24 up with + percent or +170.70 point.
WORLD MARKETS
In other parts of world, Japan’s Nikkei 225 is trading at 28,569.02 up with percent or +628.60 point. Hong Kong’s Hang Seng is trading at 27,480.57 up with + percent or +136.03 point. China’s Shanghai Composite is trading at 3,547.84 with +percent or + point. India’s BSE Sensex is trading at 52,469.25 up with percent or +78.39 point at 12:15 PM.