SgxNifty Futures Update : 16 Nov 2022

The  SgxNifty Future is trading at 18,438.5 with a loss of -0.30% or -56.0 point. The Nikkei 225 Future is trading at 28,028.0 with a loss of -0.01% percent or -2.0 point.The Hang Seng Future is trading at 18,153.5 with a loss of -0.93% percent or -170.5 point.

 

 

TODAY’S FACTORS AND EVENTS

index Nifty, which made a record closing high today, formed a bullish candle on the daily chart with a lower shadow. Analysts said this pattern indicates an emergence of buying interest in the market after a couple of days of the choppy movement.“Now, it has to hold above 18,350 zones, for an up move towards 18,500 then 18,600 zones whereas supports are placed at 18,250 and 18,188 zones,” said Chandan Taparia of Motilal Oswal.The index has been making higher highs for the last couple of days, suggesting strength to this rally. Indicators such as MACD and RSI remain positive.What should traders do? Here’s what analysts said

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 18,418.40 up with 0.082 percent or +15.00  point.Nikkei 225 is trading at 28,009.82  with 0.070% percent or  +19.65  point. Hong Kong’s Hang Seng is trading at 18,127.16 with a loss of -1.18% or −215.96 point.

WORLD MARKETS

For the day the Dow is trading at 33,592.92 up with 0.17% percent or +56.22  point. The S&P 500 is trading at 3,991.73 with 0.87% percent or +34.48 point. The Nasdaq Composite is trading at 11,358.41 with 1.45% percent or +162.19 point.

In other parts of world, Japan’s Nikkei 225 is trading at 28,007.62 with 0.062% percent or +17.45 point. Hong Kong’s Hang Seng is trading at 18,107.18 with a loss of –1.29% ercent or −235.94  point. China’s Shanghai Composite is trading at 3,122.70 up with 0.36% percent or −11.38 point. India’s BSE Sensex is trading at 62,023.78  up  with +0.24% percent or +150.79 point at 12:15 PM.

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