The Nifty50 is likely to open higher on Monday tracking positive trend seen in other Asian markets. The Nifty50 close 0.7 point lower at 10,767 on Friday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 21.5 points or 0.2 percent. Nifty futures were trading around 10,769-level on the Singaporean Exchange.

US stock indexes closed higher on Friday as investors shrugged off concerns about global trade tensions but trading volume was relatively light ahead of a busy week of central bank meetings, said a Reuters report.

Asian stocks moved gingerly on Monday as a weekend G7 summit fanned trade conflict fears after US President Donald Trump backed out of a joint communique in a blow to the group’s efforts to show a united front, it said.

The 2018 football World Cup is less than a week away. From the 14th of June to the 15th of July, 32 FIFA member teams will battle to be crowned the undisputed champions of football worldwide. That might seem like a silly statement given Real Madrid’s run in 2018, but The World Cup is about, you know, the world.

The excitement is reaching fever pitch, which is ironic considering the opening match is between host Russia, which places 70th in FIFA’s rankings, and Saudi Arabia, which is 67th. Not quite the crackerjack of an opening match one hopes from a World Cup. Let’s face it, you’ll be watching it only because it’s the tournament opener.

Speaking of watching, the World Cup will start at 8.30 pm Indian time on the 14th on Sony Ten 2.

Football is increasing in popularity in India and you can tell that is true because the world cup will have commentary in Hindi, Bengali and Malayalam as well on Sony’s other channels. In a recent report, Sony officials said they were expecting viewership in India for the 2018 World Cup to cross 100 million.

With match timings more amenable for Indian viewers, the World Cup in Russia is expected to attract very good viewership. For the uninitiated, and those who don’t care to watch football matches at ungodly hours, bear in mind that Russia, or at least the Moscow part of it, is 2.5 hours behind India, time zone wise. So you should be done by 1am most days. For those that prefer to watch it online, Sony’s digital content arm SonyLiv will live stream all the World Cup games in India. The official broadcaster even has a campaign called Meri Doosri Country that encourages Indian viewers to cheer for an ‘adopted’ country’s team. We’ll all just adopt Brazil, won’t we?...

The 2018 football World Cup is less than a week away. From the 14th of June to the 15th of July, 32 FIFA member teams will battle to be crowned the undisputed champions of football worldwide. That might seem like a silly statement given Real Madrid’s run in 2018, but The World Cup is about, you know, the world.

The excitement is reaching fever pitch, which is ironic considering the opening match is between host Russia, which places 70th in FIFA’s rankings, and Saudi Arabia, which is 67th. Not quite the crackerjack of an opening match one hopes from a World Cup. Let’s face it, you’ll be watching it only because it’s the tournament opener.

The bulls failed to hold on to the momentum but managed to push the index near its previous close on Friday making a bullish candle on an intraday basis on daily charts. The index just managed to close above its crucial psychological support level of 10,750\.

Weak global cues weighed on the sentiment on D-Street in the morning session but string domestic cues and strong rally is seen in the previous session helped bulls to make a comeback. Although, Nifty closed 0.70 point lower but recouped nearly 60 points of losses.

The S&P BSE Sensex closed 19 points lower or 0.05 percent at 35,443, while the Nifty50 ended 0.70 percent down at 10,767\.

"Key benchmark indices opened lower and hit intraday low in early trade only to recoup most losses to finally close the day near the flat line. Selling was largely triggered by profit booking following two straight sessions of gains in Indian markets," Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund told Moneycontrol.

"Additionally, weak global cues also had a negative impact on investor sentiment. On the macro front, yields on the 10-year government bonds hit over 8 percent in the opening session on Friday, the first time since December 2014, but soon declined ahead of weekly bond auction due later in the day," he said.

The 2018 football World Cup is less than a week away. From the 14th of June to the 15th of July, 32 FIFA member teams will battle to be crowned the undisputed champions of football worldwide. That might seem like a silly statement given Real Madrid’s run in 2018, but The World Cup is about, you know, the world.  

The excitement is reaching fever pitch, which is ironic considering the opening match is between host Russia, which places 70th in FIFA’s rankings, and Saudi Arabia, which is 67th. Not quite the crackerjack of an opening match one hopes from a World Cup. Let’s face it, you’ll be watching it only because it’s the tournament opener.

Speaking of watching, the World Cup will start at 8.30 pm Indian time on the 14th on Sony Ten 2\.

Football is increasing in popularity in India and you can tell that is true because the world cup will have commentary in Hindi, Bengali and Malayalam as well on Sony’s other channels. In a recent report, Sony officials said they were expecting viewership in India for the 2018 World Cup to cross 100 million.

With match timings more amenable for Indian viewers, the World Cup in Russia is expected to attract very good viewership. For the uninitiated, and those who don’t care to watch football matches at ungodly hours, bear in mind that Russia, or at least the Moscow part of it, is 2.5 hours behind India, time zone wise. So you should be done by 1am most days. For those that prefer to watch it online, Sony’s digital content arm SonyLiv will live stream all the World Cup games in India. The official broadcaster even has a campaign called Meri Doosri Country that encourages Indian viewers to cheer for an ‘adopted’ country’s team. We’ll all just adopt Brazil, won’t we?

The Nifty surged ahead in the past two trading sessions, reversing weakness that was seen earlier in the week. The sentiment got a fillip after the Monetary Policy Committee (MPC) retained its neutral policy stance, raising hopes that there would be no more rate hikes in the near future.

The index formed a robust bullish candlestick pattern on the daily chart for the second consecutive day. This move has provoked it to breakout from a larger Symmetrical Triangle pattern on the daily chart. At present, there are no signs of a reversal on the charts. However, there are two important resistance points that the Nifty has to surpass before we see a significant confirmation of the breakout:

1) A close above the 10,820-10,830 zone, and

2) A breach past the Karnataka election verdict day high of 10,930 levels.

A break above the mentioned resistance zone will soon lead the Nifty towards its all-time high. Weight of the evidence still indicates that its bullish stance continues to remain intact.

The Nifty50 is likely to see a gap down opening on Friday weighed down by muted trend seen in other Asian markets. The Nifty50 closed 83 points lower at 10,768 levels.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.45 percent. Nifty futures were trading around 10,724- level on the Singaporean Exchange.

The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally while investors turned to safer bets as they kept an eye on global trade tensions and waited for US and European central bank meetings, said a Reuters report.

Asian stocks drifted lower early on Friday, with major markets in the region recording slight declines after the mixed close on Wall Street.

The Reserve Bank’s Monetary Policy Committee had its scheduled meeting for June over the last couple of days and made some unexpected announcements. India’s central bank surprised the market with a quarter-point increase in benchmark interest rates — the first spike in four years — in the face of pressure from soaring crude and commodity prices. The bank retained a neutral stance, indicating it would remain flexible in its responses to challenges without hurting economic recovery.

The RBI also raised the inflation forecast for the fiscal year even as core inflation held firm, despite an easing in the threat from food prices. It retained growth estimates for the year as investment demand aids economic expansion.

The six-member Monetary Policy Committee, or MPC, voted unanimously for the rate increase and expressed concerns about the turbulence in global financial markets.

A strong rally in banks, metals, auto and IT names helped the market soar big on Thursday, with the Nifty reclaiming 10,800 during the session. However, the last hour saw some profit booking as indices closed lower than the day’s high points. The 50-share index closed above 10,750.

The Sensex rose over 400 points intraday, while the Nifty too surged over 100 points, largely led by a rally in banks, auto, IT as well as metal names. The market could have possibly reacted to the repo rate hike announced by the Reserve Bank of India (RBI)

All sectoral indices ended in the green, with strong uptick in segments such as banks, energy, IT, and metals. In the broader markets space, midcaps continued the relief rally and ended over 1.5 percent higher.

The Sensex ended higher by 284.20 points at 35463.08, while the Nifty was up 83.70 points at 10768.40\. All the sectoral indices ended in positive territory with a gain of 0.5-1.5 percent gain.

Tata Steel, Tata Motors, ICICI Bank, Axis Bank, Wipro, Indiabulls housing and Asian Paints are the top gained in the indices.

The Indian stock started Wednesday on a positive note and remained in the green throughout the session. The index had formed a Hammer shaped candle on Tuesday which indicated bullishness. This continued into Wednesday’s trading session.

On the daily chart, the index seems to have found support at the lower band of the rising wedge which led to a 100 points rally. The trend looks positive as the Nifty managed to float above its 50-day exponential moving average (EMA).

Momentum indicator moving average convergence divergence (MACD) witnessed a bullish crossover and is currently hovering above the signal line. The relative strength index (RSI) is in a bullish crossover with no visible divergence on the daily chart.

Going forward, the bias is looking slightly on the positive and the upmove can extend towards 10,770\. A conclusive move above 10,770 may result in a movement towards 10,910 levels. At the lower end, support is visible at 10,550, below which the current short term uptrend may reverse.