Market outlook today:\u00a0Arun Kumar S,\u00a0Market Strategist,\u00a0Reliance Securities Ltd.<\/p>\n
EQUITIES
\n\u2022 NIFTY(10471) price setup along with continued buy triggers on near-term oscillators favours incremental rise.
\n\u2022 Key support zone for the index has been shifted to 10400 – 10360 – 10270, while it could face headwinds near 10500 – 10550 – 10650.
\n\u2022 BANKNIFTY (22265) surpassed its previous swing highs along with it\u2019s existing positive measures. This index has scope to move up more.
\n\u2022 The supports for this index falls around 21960 – 21800 – 21300. The near-term resistance zone close to 22420 – 22650 – 23130.
\n\u2022 The market breadth remained positive for the 5th trading day in a row on the NSE cash segment.
\n\u2022 The Speculative \/ leveraged positions are relatively low and could support incremental rally.
\n\u2022 Both FIIs & DIIs were net buyers on the equity cash segment.<\/p>\n
CURRENCY
\n\u2022 Dollar Index (96.576) could fall more towards 95.96 – 95.716.
\n\u2022 USDINR (75.6450) cracked it\u2019s intermediate support of 75.89 and could extend its appreciation to 75.45 – 75.25.<\/p>\n
BONDS
\n\u2022 US Govt. 10 yr yields (0.7184) yields to consolidate more on near-term.
\n\u2022 Govt of India 10 yr yields (5.904) yields close above 5.90 and may move to 5.95.<\/p>\n
COMMODITIES
\n\u2022 Crude futures – bullish momentum wanes, a minor correction possible.<\/p>\n","protected":false},"excerpt":{"rendered":"
Market outlook today:\u00a0Arun Kumar S,\u00a0Market Strategist,\u00a0Reliance Securities Ltd. EQUITIES \u2022 NIFTY(10471) price setup along with continued buy triggers on near-term oscillators favours incremental rise. \u2022 Key support zone for the index has been shifted to 10400 – 10360 – 10270, while it could face headwinds near 10500 – 10550 – 10650. \u2022 BANKNIFTY (22265) surpassed […]<\/p>\n","protected":false},"author":3,"featured_media":6309,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[37,4216,36],"class_list":["post-6308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-bse","tag-covid","tag-nse"],"aioseo_notices":[],"yoast_head":"\n