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Nifty seen opening with 50 points down
January 18, 2021
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Domestic markets are expected to continue the downward slide, as trends from SGX Nifty indicate a gap-down opening of about 50 points. Tracking the weak global markets, the SGX Nifty is currently ruling at 14,414 as against the NIfty-50 Friday’s close of 14,458.
The US markets on Friday closed with a loss of 0.5-0.9 per cent while most Asian markets such as Japan, Korea, Taiwan and Singapore; and Australia are down by about one per cent. Even all the US futures Dow, Nasdaq and S&P 500 are down marginally.
It may be recalled that the BSE Sensex slumped 549.49 points at 49,034.67 and the Nifty50 161.90 points at 14,433.70.
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Trends on SGX Nifty indicate a negative opening for the index in India with a 47 points loss. January 18, 2021 / 07:45 AM IST
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 47 points loss.
The BSE Sensex corrected 549.49 points to close at 49,034.67 on January 15 while the Nifty50 declined 161.90 points to 14,433.70
According to pivot charts, the key support levels for the Nifty are placed at 14,321.83, followed by 14,209.97. If the index moves up, the key resistance levels to watch out for are 14,581.53 and 14,729.37.