SGX Nifty down 90 points; here's what changed for market while you were sleeping
The short-term uptrend status of Nifty remains intact and the market has started to face hurdles from near the highs of around 18150-18200 levels. Further decline from here could trigger minor weakness for the short term and a sustainable move above 18150 levels could open more upside towards 18250 levels. Option data suggests a broader trading range in between 17700 to 18300 zones while a shift in immediate trading range in between 17850 to 18200 zones. The dollar rode U.S. Treasury yields higher on Friday and was eyeing a third straight week of gains, as a bout of resilient economic data out of the United States raised market expectations that more interest rate hikes were in the offing.1) Ambuja Cements 2) BHEL 3) Indiabulls Housing Finance 4) Punjab National BankSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit. Pune-based Macfos' initial public offering (IPO) will open on February 17 and is available for subscription till February 21. The company is selling its shares in the range of Rs 220-225 apiece. Source -https://economictimes.indiatimes.com/markets/stocks/news/sgx-nifty-down-90-points-heres-what-changed-for-market-while-you-were-sleeping/articleshow/97986600.cms
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