#Markets a head!
Dow Jones fell more than 150 points on Friday after weak consumer sentiments added concerns about the health of the US economy.
Week ahead
The spotlight will be on speeches by several Fed officials and retail trade data, followed by industrial production and several housing indicators.
It will be interesting to watch, how markets will perceive the clean sweep by Congress in Karnataka assembly elections.
Elsewhere, Foreign Investors invest Rs 23,152 crore into Indian equities in May so far on earnings despite of bleak macros indicator. Housing Sales went up by over 48% in FY23 will keep real estate sector in focus. Automobile sector also gave breakout on weekly charts that will able to remain in focus.
Technically
Nifty on weekly charts on verge of breaking cup & holder.
On the upside, critical resistance levels will be 18500 which is also a F&O resistance followed by 18648.
On the downside, immediate support level is at the 9-day moving average (DMA) of 18,200, followed by the 20-DMA at 18,000, with a cluster of 100 and 200-DMA at 17,800.
In absence of domestic cues, market will react on Global data and domestic earnings as over 500 companies to announce the results including large-cap names like ITC, State Bank of India, Bharti Airtel, Indian Oil, Jindal Steel and Power, Power Grid, JSW Steel, NTPC
Week ahead
The spotlight will be on speeches by several Fed officials and retail trade data, followed by industrial production and several housing indicators.
It will be interesting to watch, how markets will perceive the clean sweep by Congress in Karnataka assembly elections.
Elsewhere, Foreign Investors invest Rs 23,152 crore into Indian equities in May so far on earnings despite of bleak macros indicator. Housing Sales went up by over 48% in FY23 will keep real estate sector in focus. Automobile sector also gave breakout on weekly charts that will able to remain in focus.
Technically
Nifty on weekly charts on verge of breaking cup & holder.
On the upside, critical resistance levels will be 18500 which is also a F&O resistance followed by 18648.
On the downside, immediate support level is at the 9-day moving average (DMA) of 18,200, followed by the 20-DMA at 18,000, with a cluster of 100 and 200-DMA at 17,800.
In absence of domestic cues, market will react on Global data and domestic earnings as over 500 companies to announce the results including large-cap names like ITC, State Bank of India, Bharti Airtel, Indian Oil, Jindal Steel and Power, Power Grid, JSW Steel, NTPC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.