Stock market today: SGX Nifty, key factors and levels to watch on Monday

Asian markets were mixed on Monday, while SGX Nifty is indicating a strong start for the Indian stock market today. Singapore Nifty (SGX Nifty) is the Indian Nifty that is traded on the Singapore Stock Exchange and is considered the first sign of the opening of the Indian markets.

“Collapse in crude oil prices and the escalation in Russia-Ukraine conflict are fueling positive sentiments in the market. Bulls are now showing great strength with Nifty trading above key hurdles and closing at 10-week high. Long term Post-underperformance – attractive valuations and anti-war resolution expectations are generating interest in sectors such as media, realty, financial, auto and private banks,” said Siddharth Khemka, Head – Retail Research, Motilal Oswal.

In the coming days, the main focus of the market will be on Russia-Ukraine war, volatility in crude oil prices and RBI’s policy announcement due this week. According to analysts, the volatility in the market is expected to continue till the commodity prices ease and the supply crunch is removed.

prime level to watch

Rupak said, “Going forward, the trend is expected to remain positive. At the higher end, the price is resistance at 17750-17800, above 17800, the price may move towards 18000. At the lower end, support is visible at 17500. Is.” D, Senior Technical Analyst at LKP Securities.

“The market has gained momentum after a small consolidation movement. Nifty is expected to move towards 17800-18000 levels by next week before showing another round of slight downside from higher highs. Immediate support 17550,” Nagraj Shetty, Technical Research Analyst, HDFC Securities.

The views and recommendations given above are those of individual analysts or broking companies and not of Mint.