Explore Now
Record high Covid cases at home and a mixed start to Asian markets could hit investor sentiment on Dalal Street on Monday. It remains to be seen how investors react to
HDFC Bank's mixed set of quarterly numbers announced over the weekend.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 128 points, or 0.87 per cent, lower at 14,513.50 in signs that Dalal Street was headed for a negative start on Monday.
Tech View: Nifty lacks in follow-up buying
Nifty50 on Friday formed an indecisive Doji candle on the daily chart. On the weekly scale, the index formed a Hammer candle. Analysts said the 14,700 level may pose strong resistance for Nifty50 in the coming days. A fall below 14,250 level on the index can trigger a strong correction, they said.