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SGX Nifty: Trends on SGX Nifty indicate a lower opening for the broader index in India, a fall of 32 points or 0.29 percent. Nifty futures were trading around 10,962-level on the Singaporean Exchange.Nifty, which started off on a muted note on December 20, recouped most of its losses and bounced back from its five-day exponential moving average placed at 10,899 to form a bullish candle for the fifth consecutive day in a row.
The index also managed to hold on to its crucial support placed at 10,900-10,950 which is a positive sign for the bulls and is on the way to touch 11,000 in 2018 itself, if the momentum remains intact.
It formed a bullish candle on an intraday basis as the closing level was higher than the opening level. The index also formed a two-candlestick pattern, similar to 'Piercing Line' on the daily charts.
Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.
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