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Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 205 points or 1.95 percent. Nifty futures were trading around 10,355-level on the SGX.The Nifty50 is likely to open with a gap on the lower side, tracking selloff on Wall Street, as well as other Asian markets, are also trading in the deep red. The Nifty closed 100 points higher at 10,576.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 205 points or 1.95 percent. Nifty futures were trading around 10,355-level on the Singaporean Exchange.
According to Pivot charts, the key support level is placed at 10,491.6, followed by 10,406.4. If the index starts to move higher, key resistance levels to watch out are 10,649.9 and 10,723.
The Nifty Bank closed at 25,920.65, up 0.98 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,663.27, followed by 25,405.83. On the upside, key resistance levels are placed at 26,152.27, followed by 26,383.83.
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