MARKET VIEW
GLOBAL MARKETS
Dow Jones rose 330.93 points, or 1%, to 33,375.
S&P 500 gained 73.76 points, or 1.89%, to 3,972.
Nasdaq Composite added 288.17 points, or 2.66%, to 11,140.
S&P/ASX 200 index rose 0.1% to 7,458.00 by 23:28 GMT. Trading volumes were low, with some major Asian markets including key trading partner China closed for holidays.
Oil prices drifted lower in early trade on Monday, Brent crude futures retreated by 46 cents, or 0.5%, to $87.17.
INDIAN MARKETS
Sensex settled 237 points lower at 60,622, while the Nifty declined 80 points to end at 18,028. The Nifty formed a bearish candle on the daily chart. Banknifty climbed 178 points to 42506 and formed a doji candlestick on daily chart which show indecisiveness between bulls and bears.
Foreign institutional investors (FII) net sold shares worth Rs 2,002.25 crore, whereas domestic institutional investors (DII) net bought shares worth Rs 1,509.95 crore.
TODAY’S VIEW
The market is expected to open Gap up, as trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 98 points.
As per the pivot charts, the key support for the Nifty is at 18,014, followed by 17,983, and 17,934. If the index moves up, the key resistance levels to watch out for are 18,112 followed by 18,143 and 18,192.