Nifty Futures Opening Update as on 26 December 2018

The NSE Nifty Future is trading at 10,656.80 with a loss of -0.39% percent or -41.50 point. The Nikkei 225 Future is trading at 19,377.50 up with +1.19% percent or +227.50 point . The Hang Seng Future is trading at 25,646.00 with a loss of-0.24% percent or -61.00 point.

TODAY’S FACTORS AND EVENTS

Asian markets have become a hostage to the US political drama and India has been no exception. Many of the global markets have entered bear phase, which is getting rubbed off on domestic equities.

On NSE alone, 89 stocks are sending out weak signals on the daily charts, as suggested by momentum indicator moving average convergence divergence, or MACD. The benchmark Nifty50 has slipped 4 per cent in four sessions, but analysts see more pain ahead

The technical indicator has signalled a downward crossover, meaning a bearish signal, on these 89 counters on NSE, hinting at possible downsides. Many of these stocks have also been witnessing strong trading volumes of late, adding further credibility to the emerging trend.

PREVIOUS DAY ACTIVITY

 For the day the nifty closed at 10,599.45  with a loss of -0.60% percent or -64.05point.Nikkei 225 is trading at 19,327.06 up with +0.89% percent or +171.32 point. Hong Kong’s Hang Seng is trading at 25,651.38  with a loss of -0.40% percent or -102.04 point.

WORLD MARKETS

For the day the Dow is trading at 21,792.20  with a loss of  -2.91% percent or -653.17 point. The S&P 500 is trading at 2,351.10 with  a loss of -2.71% percent or -65.52 point. The Nasdaq Composite is trading at 6,192.92  with a loss of -5.14% percent or  -335.49 point.

In other parts of world, Japan’s Nikkei 225 is trading at 19,327.06  up with +0.89% percent or +171.32 point. Hong Kong’s Hang Seng is trading at 25,651.38   with a loss of -0.40% percent or -102.04 point. China’s Shanghai Composite is trading at 2,504.44  with a loss of -0.015% percent or  -0.38 point. India’s BSE Sensex is trading at 35,254.92  with a loss of -0.61% percent or -215.23 point at 12:15 PM.

Updates

updates@niftyfutures.org

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