Page 46 - Senior Technical News Today

The next important support to be watched is around 19,550 levels, which is a weekly 10-period EMA. Minor upside bounce is to be expected from the supports, but the said bounce could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.

Factors such as increasing US bond yields, rupee weakness, a surge in crude oil prices, and selling by FIIs are weighing on Dalal Street, analysts said.

The slump in shares of RIL and HDFC Bank collectively contributed around 140 points to the Nifty 50s near 175-point decline.

Indian rupee ended marginally lower at 83.27 per dollar on Monday versus Fridays close of 83.18.

Wall Streets main indexes opened lower on Tuesday ahead of the Federal Reserves policy meeting, with investors awaiting grocery delivery app Instacarts Nasdaq debut to assess a potential recovery in the IPO market.

Banks closed in these cities on Vinayaka (Ganesh) Chathurthi today, L&Ts Rs 10,000 crore share buyback offer in Top News on September 18: Share markets, Bank Nifty outlook, CONCOR, Mastek, Texmaco Rail and Glenmark Pharma ex-dividend stocks, Madhusudan Masala IPO to open for subscription, iOS 17 and iPadOS 17 to roll out also in focus in top stories today.

The market will remain shut on September 19 on account of Ganesh Chaturthi

In the entire calendar year, the markets have 15 annual holidays in 2023, two more than last year.

Investors are now closely focused on upcoming data releases and central bank meetings scheduled for the coming week, including decisions from the US Fed Reserve, BoE, and BoJ, says Vinod Nair, Head of Research at Geojit Financial ...

Traders will be eyeing macro events such as India’s bank loan and deposit growth, forex reserve data, and a special session of Parliament, along with the Fed interest rate decision in the US