Factors that will affect Monday’s Trading Session


Monday’s Trading Session: On Friday, the Sensex and Nifty ended a bit higher. This positive trend was mainly accelerated by gains in IT, banks, and metal stocks. The Sensex closed 14.23 points higher at 38,854.55 points while Nifty gained 15.20 points to finally close at 11,464.45 points.


So, here are some of the factors that may decide Monday’s Trading market trends and activity.


Nasdaq moves down while Dow moved up

Nasdaq fell on Friday. It closed 0.6 percent lower to finally stand at 10,853 points, however, the S&P500 closed 0.1 percent higher to finally standing at 3,340 points. Dow closed 0.5 percent higher to finally stand at 27,665 points.


Nifty Forms Small Bullish Candle

According to the analysts, as long as the index holds above the 11,200-11,300 range, the index may drift towards the 11,500-11,650 range.

European Shares ended in green on Friday

On Friday, the European shares posted their biggest weekly hit. The STOXX Europe 600 Index closed 0.13 percent higher at 367.96 points. This positive trend was mainly accelerated by gains in banks, mining, and travel shares.

India VIX drifted down

India VIX moved down by 2.58 percent. It fell from 21.26 to 20.71 level. It may weaken down further 20-18 levels, to help the bulls get their grip.

Stocks may get weakened

The MACD showed bearish signals mainly on the part of stocks like Amber Enterprises, Automotive Stampings, Central Depository, Finolex Industries, IMP Powers, Johnson Controls-Hit, Mahamaya Steel Industries, United Breweries, Zee Entertainment, and so on.

Stocks are facing selling pressure

During Friday’s session, Kuantum Papers are facing strong selling pressure and it is showing some signals of bearish sentiment on the counter.

Sentiment Meters are showing Bullish trends

Overall, market breadth stayed in favor of bulls. As many as 267 stocks on the BSE 500 index settled the day in green, while 227 settled the day in the red.

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