US & Asian Markets Update | Indian Indices Outlook | Trading & Investment Calls
US Market Recap:
After Friday’s strong rally, US markets witnessed profit booking on Monday. The Dow Jones closed lower by 340 points, while the Nasdaq slipped 45 points. Meanwhile, oil prices rebounded from oversold levels, triggering a broad-based recovery in commodities. The US 10-year bond yield ended near 4.27%, indicating sustained caution in debt markets.
Asian Market Trend:
Asian indices opened on a mixed note. Japan’s Nikkei and South Korea’s Kospi came under profit booking pressure, while Chinese equities resumed their upward rally, supported by rising steel prices which boosted industrial stocks.
Indian Market Action – Nifty & Sectors:
The Nifty index staged a comeback after last week’s profit booking, led by IT majors like Infosys (INFY) and TCS, which outperformed. On the flip side, FMCG and Banking stocks remained weak, with PSU banks dragging the index lower.
📊 Technical View:
- Nifty Support: 24,750 | Resistance: 25,200
- Bank Nifty Support: 54,800 | Resistance: 56,000
💡 Trading Call (1–14 days):
- Buy: Zydus Life September Futures @ 1015–1025
- Stop Loss: 999
- Target: 1055
💡 Investment Call (1 month):
- Buy: OLA Electric @ 47–48
- Stop Loss: 42
- Target: 65
⚠️ Disclaimer:
This market update is for educational purposes only and should not be considered as investment advice. Markets are subject to risks—please consult your financial advisor before making trading or investment decisions.
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