The Nikkei 225 Future is trading at 22,530.00 up with +0.13% percent or +30.00 point .The NSE Nifty Future is trading at 10,780.30 up with +0.53% percent or +56.50 point. The Hang Seng Future is trading at 30,476.00 with a loss of -0.62% percent or -189.00 point.
TODAY’S FACTORS AND EVENTS
India VIX moved up 2.85 per cent to 12.36, Lower volatility suggests the bulls are holding a tight grip on the market. Volatility has been falling from last four weeks. A rising Put-Call ratio with falling volatility suggests a bullish momentum.
Bank Nifty opened with a gap up and continued to hold above the crucial resistance at 25,250 level. It formed a bullish candle and an inverse Head & Shoulder pattern on the daily chart. As long as it holds above 25,250 level, the Nifty50 could extend its move towards 25,700 and then 26,000 levels, while on the downside, supports are seen at 25,250 and then 25,100 levels.
PREVIOUS DAY ACTIVITY
For the day the day the Dow is trading at 24,311.19 with a loss of -0.046% percent or -11.15 point. The S&P 500 is trading at 2,669.91 up with +0.11% percent or +2.97 point. The Nasdaq Composite is trading at 7,119.80 up with +0.016% percent or +1.12 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,556.24 with a loss of -0.11% percent or -1.66 point; the S&P 600 Small-Cap Index closed at 956.18 with a loss of -0.26% percent or ?2.52 point; the S&P 400 Mid-Cap Index closed at 1,892.23 with a loss of -0.16% percent or ?2.98 point; the S&P 100 Index closed at 1,169.90 up with +0.062% percent or +0.73 point; the Russell 3000 Index closed at 1,582.64 up with +0.074% percent or +1.17 point; the Russell 1000 Index closed at 1,480.04 up with +0.089% percent or +1.32 point;