Stocks ended the day in the green on Thursday with the S&P 500 ending at the highest level since early December, as the markets digested Q4 GDP growth, which was higher than expected.

Nifty fell sharply on Jan 25th after short seller Hindenburg raised concerns over the Adani group’s debt position. At close, Nifty was down 1.25% or 226.4 points at 17,891.9.

Nifty seems to have given a fresh breakdown. The 17,761-17,774 band is the immediate support for Nifty below which the downtrend could accelerate. On upmoves, 18,145 could prove to be a resistance.

Indian markets could open mildly higher, in line with higher US markets on Thursday.

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After showing range bound movement in the last few sessions, Nifty slipped into sharp weakness so far today. Immediate supports to be watched around 17,800 levels.

Catch the mid-market details with Nagaraj Shetti.

U.S. stocks closed mixed on Tuesday as investors followed the latest batch of company earnings, which reflected downbeat outlooks that could possibly foretell a coming recession. Dow Jones Industrial Average still finished over 100 points higher for the third consecutive day of gains.

Nifty closed flat on January 24th. 18,180-18,259 band is proving tough for the Nifty to break.

The Nifty has formed higher lows over the past two days. 18,016 could be a support in the near term.  

Indian markets could open lower, in line with mixed Asian markets today and mixed US markets on Tuesday.

Listen to the D-Street Details with Devarsh Vakil

The choppy movement continued in the market and Nifty struggled to sustain the opening gains today as it slipped into weakness from the day’s high.

Listen to the Mid-day Market Commentary by Nagaraj Shetti.

The Nasdaq Composite led stocks to a higher finish on Monday. Easing recession fears and hopes of a less aggressive Federal Reserve buoyed sentiments.

The U.S. leading economic index sank 1% in December and flashed even stronger signals that a recession is likely soon.

Nifty has been forming a descending triangle pattern on the daily chart with multiple bottoms in the range of 17,750-18,180 range. For a sustained directional move, Nifty has to break out on either side of the range on a closing basis.

Indian markets could open higher, in line with higher Asian markets today and positive US markets on Monday.

After showing weakness with choppy movement on Friday, Nifty shifted into an upmove with range bound action so far today. Intraday support is at 18,060 levels. Catch the mid-market details with Nagaraj Shetti.

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Indian markets could open higher, in line with higher Asian markets today and sharply higher US markets on Friday.

Listen to the D-Street Details with Devarsh Vakil.

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After showing weakness with range bound movement, Nifty continued with choppy movements so far today. Intraday resistance is at 18,150 levels.