Nifty Futures Opening Update as on 09 May 2018

The NSE Nifty Future is trading at 10,774.00 up with +0.36% percent or +38.95 point. The Nikkei 225 Future is trading at 22,430.00 up with +0.04% percent or  +10.00 point . The Hang Seng Future is trading at 30,397.00 with a loss of -0.07% percent or -10.00  point.

TODAY’S FACTORS AND EVENTS

The domestic stock market is expected to open on a negative note, tracking Nifty on Singapore Stock Exchange(SGX) and weak global cues. At 08:32 am, Nifty futures on the Singapore Stock Exchange were trading 29.50 points, or 0.27 per cent, lower at 10,715, indicating a negative start for the Nifty50.

Yet the bias remains on the positive side. Experts believe that the index has multiple supports in the zone of 10,600-10,630, whereas the swing high of 10,785 will be a crucial resistance. “The index can make a move towards 10,910 i.e. 78.6 per cent of its previous fall, once it breaches above 10,785. The short term trend is bullish as the index is forming higher top higher top bottom and is trading above the daily moving averages.

PREVIOUS DAY ACTIVITY

   
For the day the nifty closed at 10,741.70 up with +0.22% percent or +23.90 point.Nikkei 225 is trading at 22,408.88 with a loss of -0.44% percent or -99.81 point. Hong Kong’s Hang Seng is trading at 30,536.14   up with +0.44% percent or +133.33 point. 

WORLD MARKETS

U.S. market were mixed on Thursday.For the day the Dow is trading at 24,360.21 up with +0.012% percent or +2.89 point. The S&P 500 is trading at 2,671.92 with a loss of  -0.027% percent or  -0.71 point. The Nasdaq Composite is trading at 7,266.90 up  with +0.023% percent or +1.69 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,586.39 up  with +0.47% percent or +7.44 point; the S&P 600 Small-Cap Index closed at 974.77  up with +0.86% percent or  +8.28 point; the S&P 400 Mid-Cap Index closed at 1,913.91 up with +0.31% percent or +5.99   point; the S&P 100 Index closed at 1,173.77  with a loss of -0.042% percent or -0.49 point; the Russell 3000 Index closed at 1,588.06 up with +0.039% percent or +0.62 point; the Russell 1000 Index closed at 1,483.14 up with +0.0026% percent or +0.038 point;

Updates

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