The NSE Nifty Future is trading at 10,720.50 up with +0.76% percent or +81.30 point. The Nikkei 225 Future is trading at 22,077.50 up with +81.30 percent or +77.50 point . The Hang Seng Future is trading at 26,348.00 with a loss of -0.25% percent or -66.50 point.
TODAY’S FACTORS AND EVENTS
The index formed a Hammer candle on the daily scale, which suggests every decline is being bought into. The index is hovering near its 50-day EMA and the crucial juncture of 10,650. It now needs to sustain above the same level to extend its gains towards 10,700 and then 10,770 levels, while on the downside, support is seen at 10,550 and then 10,500 levels.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,640.24 up with +1.46% percent or +354.29 point. The S&P 500 is trading at 2,673.45 up with +1.55% percent or +40.89 point. The Nasdaq Composite is trading at 7,081.85 up with +2.06% percent or +142.87 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,952.40 up with +0.64% percent or+140.40 point. Hong Kong’s Hang Seng is trading at 26,309.32 up with +0.25% percent or +66.86 point. China’s Shanghai Composite is trading at 2,574.68 with a loss of -0.044% percent or -1.13 point. India’s BSE Sensex is trading at 35,464.65 up with +0.31% percent or +110.57 point at 12:15 PM.