Nifty futures closed flat to positive with 0.05% gain at 14,717
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Nifty futures closed flat to positive with 0.05% gain at 14,717

Nifty futures closed flat and closed at a level of 14,717 with a gain of 0.05%. Among the specific stocks, trading setup was brisk in Asian Paint, UPL, ITC, Nestle India NSE 3.03%, Berger Paint, Colgate Palmolive, L&T, ICICI Pru Life, Marico, PowerGrid and McDowell, but weak in Jindal Steel, DLF, GAIL. Was. Concor, Nalco, PEL, MGL, IndusInd Bank, Exide Industries NSE-2.68%, L&T Finance, M&M, Havells and MRF.

The Nifty came positive on Friday, but failed to cross a significant hurdle at the 14,750 level and fell throughout the day. Finally, the index saw some improvement from the lower levels and managed to close below the 14,700 mark on a flat note.

Bank Nifty opened the flat and traded negatively for the most part of the session to a negative trading range. Banking stocks are facing weakness before the end of the day with a loss of around 280 points and the index has been tested at a level of 32,115. This created a candle and candle and bottom rung and bottom in the last three seasons. Now, it has to cross the 32,500 level to see a bounce towards the 33,000 and 33,333 levels, while on the negative side there is support at the 32,000 and 31,350 levels.

Asian stocks gained momentum on Friday after Wall Street braked a three-day losing streak with a broad stock market rally driven by big tech companies and banks.

Shares of large semiconductor manufacturers led the advance in Asia, where almost all markets opened higher.
Japan’s Nikkei 2225 grew by 1.4% to 24, 80.90 and Kospi in Seoul rose by 0.7% to 3,14.9, benefiting from gains for Samsung Electronics and SK Hynix, which saw chip production and growth Increased by 1.4% and 1.3% after announcing plans to expand its investments in India.

In Hong Kong, the Hang Seng rose 0.8% to 27,941.69. The Shanghai Composite Index rose 1.1% to 3,467.62, while Australia’s S&P / ASX 200 rose 0.7% to 7,033.30.

Bitcoin rose 2.1% to $ 49,390.00. Its price was reduced by 10% earlier this week, when Tesla CEO Elon Musk reversed its earlier position in the digital currency, saying that electric carmakers would no longer accept it as payment.
The S&P 500 gained 49.46 points to close at 4,112.50. The Dow Jones Industrial Average rose 1.3% to 34,021.45. The Nasdaq climbed 0.7% to close at 13,124.99. The Russell 2000 index rose 1.7% to 2,170.95.

Bond yields have risen sharply this week but came back slightly on Thursday. The yield on the 10-year Treasury note was 1.65% on Friday, while it was 1.70% on Wednesday.

The price of US crude fell 18 cents to $ 63.63 a barrel in electronic trading on the New York Mercantile Exchange. It slid 3.4% on Thursday after reopening the Colonial Petrol Pipeline on the East Coast late on Wednesday.

Brent crude, the international standard for pricing, dropped 25 cents to $ 66.80 a barrel.

The US dollar rose from 109.46 yen to 109.60 Japanese yen late on Thursday night. The euro remained unchanged at $ 1.2081.

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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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