The Indian market (Nifty Fut/India-50) is
currently trading around 10825 early Wednesday, tumbled by almost -0.75% (-80)
on terrible global cues as Dow plunged almost 800 points overnight amid confusions
over US-China trade truce and bond yield inversion, indicating a possible
slowdown in the US economy down the year. The Indian market is also under
stress on a rebound in USD and oil.
For more:
Technical View (Nifty, Bank Nifty, USDINR-I):
Technically, Nifty Fut-I
(NF) has to sustain over 10905 for a further rally to 10935/10995*-11025/11085
and 11130/11165-11235/11295 in the near term (under bullish case
scenario).
On the flip side, sustaining
below 10885 NF may fall to 10805/10785*-10705/10675 and 10625/10595-10550/10500
in the near term (under bear case scenario).
Technically, Bank Nifty Fut-I
(BNF) has to sustain over 26775 for a further rally to 26875/27075*-27200/27350
and 27550/27750-28000/28150 in the near term (under bullish case scenario).
On the flip side, sustaining
below 26725 BNF may fall to 26600/26500*-26300/26050 and 25850/25700-
25400/25250 in the near term (under bear case scenario).
Technically, USDINR-I has to
sustain over 70.25 for a further rally to 70.90*/71.15-71.85*/72.20 and
72.75/73.05-73.35/73.75 in the near term (under bullish case scenario).
On the flip side, sustaining below 70.00,
USDINR-I may fall to 69.45*/69.30-68.95*/68.50 and 68.25/67.65-67.20/66.95 in
the near term (under bear case scenario).
https://www.iforex.in/news
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NIFTY FUT
BANK NIFTY FUT
USDINR-I
CRUDE OIL-WTI
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