The Nifty Future is trading at 14,893.50 with a loss of -0.21% percent or -30.90 point. The Nikkei 225 Future is trading at 29,765.00 with +0.32% percent or +95.00 point.The Hang Seng Future is trading at 28,584.50 with -1.51% percent or -438.50 point.
TODAY’S FACTORS AND EVENTS
Canara Bank has shown a very sharp recovery. What is very interesting also is when Bank Nifty touched a fresh low in yesterday’s session, Canara Bank is still protecting its Rs 140 level. So that is kind of a positive divergence between Bank Nifty and Canara Bank. It is also shows a relative outperformance that Canara Bank is showing. So, we can expect it to move higher and one can initiate long positions keeping a stop loss of Rs 147.50 for target of Rs 164.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 14,860.10 with a loss of – percent or ?13.70 point.Nikkei 225 is trading at 29,768.06 up with percent or +59.08 point. Hong Kong’s Hang Seng is trading at 28,640.50 up with percent or ?367.57 point.
For the day the Dow is trading at 33,503.57 up with +percent or +57.31 point. The S&P 500 is trading at 4,097.17 up with percent or +17.22 point. The Nasdaq Composite is trading at 13,829.31 up with + percent or +140.47 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 29,868.90 up with +percent or +159.92 point. Hong Kong’s Hang Seng is trading at 28,634.46 with a loss of – percent or ?373.61 point. China’s Shanghai Composite is trading at 3,446.83 with a loss of – percent or +2.93 point. India’s BSE Sensex is trading at 49,665.68 with a loss of – percent or ?80.53 point at 12:15 PM.