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Record high Covid cases at home and a mixed start to Asian markets could hit investor sentiment on Dalal Street on Monday. It remains to be seen how investors react to
HDFC Bank s mixed set of quarterly numbers announced over the weekend.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 128 points, or 0.87 per cent, lower at 14,513.50 in signs that Dalal Street was headed for a negative start on Monday.
Tech View: Nifty lacks in follow-up buying
Nifty50 on Friday formed an indecisive Doji candle on the daily chart. On the weekly scale, the index formed a Hammer candle. Analysts said the 14,700 level may pose strong resistance for Nifty50 in the coming days. A fall below 14,250 level on the index can trigger a strong correction, they said.