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Sensex Today: Indian stock markets are expected to mirror the weakness in global markets as the...
Read More Sensex Today: Indian stock markets are expected to mirror the weakness in global markets as the deadline for US President Donald Trump’s tariffs on trading partners approached on Wednesday. At 7:05 AM, GIFT Nifty futures stood at 22,360, indicating a decline of about 270 points from the previous Nifty futures close. Hrishikesh Yedve, AVP of technical and derivatives research at Asit C.
Mehta Investment Intermediates, noted that on the daily chart, Nifty formed a green candle and held above the 22,320 resistance level in the previous session, signaling sustained buying interest and strength. “On the upside, 22,800 serves as the immediate resistance level, while 22,320 will now act as key support. A breakout above 22,800 could pave the way for further upside.
Traders should watch these levels closely for potential trading opportunities," he advised. Global Cues US stock futures were under pressure on Tuesday, with Dow Jones Industrial Average futures falling 1.2%, Nasdaq-100 futures dropping 1.
8%, and S&P 500 futures declining by 1.5%. Wall Street indices closed lower in the previous session, with the Dow down 0.
84% at 37,645.59, the S&P 500 shedding 1.57% to 4,982.
77, and the Nasdaq falling 2.15% to 15,267.91.
In the Asia-Pacific region, Japan’s Nikkei 225 declined by 2.72%, South Korea’s Kospi lost 0.71%, and Australia’s S&P/ASX 200 dropped 1.
35%..
