Donald Trump, FIFA and Megadeth NFTs, trading volume nears $1B: Nifty Newsletter cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
From a technical standpoint, the previous week has created a gap. In the process, the index has shifted its support zones higher in the range of 20,450-20,550 levels from 20,000. The Nifty has also closed above its upper Bollinger band. Even if there is a temporary pullback inside the band, the markets may further their uptrend even with the possibilities of some consolidation at current levels.
Equities in Asia mirrored weakness on Wall Street while Treasuries steadied following a rally after fresh data indicated labor market softness. Equities in Japan and Australia opened lower while futures contracts for Hong Kong benchmarks also slipped. That followed a third daily decline for the S&P 500.
In Asian markets, Hang Seng and Nikkei 225 traded higher by 0.54 per cent and 1.72 per cent, respectively, while China's Shanghai Composite was not trading.