14/12/2021
.me/MonePlan : Morning Stock Markets & Investment Updates with MonePlan : Indian & World Markets Action & Updates for 14th December 2021
1. Indian Market Updates : The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 137 points.
On December 13, the BSE Sensex fell 503.25 points, or 0.86 percent, to 58,283.42 while the Nifty50 declined 143 points, or 0.82 percent, to 17,368.30 and formed bearish engulfing pattern on the daily charts.
Key support & resistance levels on the Nifty & Nifty Bank : According to pivot charts, the key support levels for the Nifty are placed at 17,269.57, followed by 17,170.93. If the index moves up, the key resistance levels to watch out for are 17,553.17 and 17,738.13.
The Nifty Bank fell 180.40 points to 36,925.30 on December 13. The important pivot level, which will act as crucial support for the index, is placed at 36,664.37, followed by 36,403.53. On the upside, key resistance levels are placed at 37,383.57 and 37,841.94 levels.
2. U.S. Markets : Wall Street ended lower on Monday, with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week.
The Dow Jones Industrial Average fell 313.98 points, or 0.87%, to 35,657.01, the S&P 500 lost 43.56 points, or 0.92%, to end at 4,668.46 points, while the Nasdaq Composite lost 220.88 points, or 1.41%, to 15,409.72.
3. Asian Market Morning Updates : Chinese stocks declined on Tuesday, tracking other losses in Asia-Pacific markets as the omicron variant returned to focus. Meanwhile, bitcoin prices continued to tumble after some losses overnight.
Hong Kong’s Hang Seng index led losses, tumbling 0.91%. Japan’s Nikkei 225 lost 0.35%, while the Topix was up 0.12%.
4. SGX Nifty Morning Opening Updates : Trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 137 points. The Nifty futures were trading around 17,332 levels on the Singaporean exchange.