Nifty, Sensex to Open Higher on Global Cues; Dow Futures Gain After 2 Day Rally

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Nifty, Sensex to Open Higher on Global Cues; Dow Futures Gain After 2 Day Rally

By Aditya Raghunath

Investing.com -- Global cues indicate that the Nifty 50 and the BSE Sensex 30 are poised to open with a healthy gap-up position today. Nifty 50 Futures in Singapore are trading up 0.87% as of this report which indicates a very green opening for Indian markets.

All eyes will be on Nifty’s support range today. The index has fallen for three straight days but managed to hold on to the 15,600 support range. Market experts say a fall below this range can push the Nifty towards 15,450 - 15,400 levels. If it holds strong over 15,650, it can push 15,750 – 15,700 levels.

Zomato is expected to debut on the indices on Friday. The grey market premium for Zomato shares is holding strong at Rs 20-Rs 22.

Futures in the US are trading up after two consecutive days of gains. Dow Jones 30 Futures are up 0.12% while S&P 500 Futures are up 0.1% and Nasdaq 100 Futures are up 0.14%.

In Asia, KOSPI 50 is up 0.97% while the Shanghai Composite is up 0.19%. Japan’s Nikkei 225 is closed due to a public holiday. Other Asian markets are expected to move up in Nikkei’s absence as renewed fears of COVID-19 are highest in Japan.

Crude oil has clawed its way to over $70 levels after falling to below $67 earlier this week on Monday, indicating signs of stronger demand.

 

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  • Sunny Ojha @Sunny Ojha
    Wait and watch the price action it may come to support levels 34700-34600 to take a push up in bnf spot.
    Like 0
  • Shazil Ahmed @Shazil Ahmed
    Buy HCL
    Like 0
  • Vineet Vanherte @Vineet Vanherte
    Should i buy nifty50 jul22 34700 ce share for today???
    Like 1
  • mansingh nigade @mansingh nigade
    Golmal at best
    Like 0

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