Sensex, Nifty 50 likely to see tepid start despite optimism in Asian markets, key levels to watch on November 10
Indian equity markets are expected to open on a cautious note today, despite positive cues from major Asian markets. Analysts believe that while global sentiment remains upbeat due to easing inflation and firm U.S. market performance, domestic investors may show restraint ahead of key data releases. On November 10, the Sensex and Nifty 50 are likely to trade within a limited range as traders focus on corporate earnings, foreign fund flows, and oil price movements. Broader market activity could see selective buying in banking, IT, and metal stocks. Meanwhile, volatility may persist as investors track global developments and upcoming macroeconomic indicators. Experts suggest keeping an eye on crucial support and resistance levels to gauge market direction in the near term.
The Key points
- Sensex and Nifty may open flat on November 10.
- Asian markets show strong positive trends.
- Investors remain cautious despite global optimism.
- Focus on corporate earnings and macro data.
- IT, banking, and metal stocks may see action.
- Volatility expected due to global economic cues.
- Crude oil prices influence market sentiment.
- FII activity remains a key market driver.
- Traders advised to monitor key support zones.
- Broader markets may witness selective buying interest.
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