The Nifty Future is trading at 13,677.80 up with +0.68% percent or +92.80 point. The Nikkei 225 Future is trading at 26,722.50 up with +0.35% percent or +92.50 point.The Hang Seng Future is trading at 26,524.50 up with +1.09% percent or +286.50 point.
TODAY’S FACTORS AND EVENTS
The Nifty50 remained in positive terrain and hit a fresh record high on December 16, backed by all sectors but banks as positive global cues lifted sentiment.
The index formed a small-bodied bullish candle with a long lower shadow on the daily scale, indicating that every small decline was being bought by the bulls.
Experts say the momentum will continue and the Nifty can hit 13,800-mark in the coming sessions.
For the time, trade is clearly on the long side, hence traders with a high-risk appetite can go long by making intraday dips, if any, with a stop below 13,600 and look for an initial target of 13,800, Mazhar Mohammad of Chartviewindia.in said.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 30,046.37 up with +percent or +47.11 point. The S&P 500 is trading at 3,663.46 with a loss of – percent or –4.64 point. The Nasdaq Composite is trading at 12,377.87 with a loss of percent or -27.94 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 26,732.44 up with +percent or +79.92 point. Hong Kong’s Hang Seng is trading at 26,390.90 with a loss of –percent or ?114.97 point. China’s Shanghai Composite is trading at 3,369.12 up with + percent or +21.93 point. India’s BSE Sensex is trading at 46,124.73 up with +percent or +25.72 point at 12:15 PM.