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Welcome on 20th October, Tuesday, Astro technical session for financial markets

Welcome on 20 october 2021, Astro session for financial markets

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“Wall Street still having a heyday but on backdrop of Oil, coal, and natural gas that are sporting multi-year highs.“`
*7 AM GLOBAL UPDATE:*
#  SGX NIFTY (+21, 18447).
#  Dow (+199, 35457)
#  Nasdaq (+107, 15129)
# Bovespa (-3755, 110673)
#  Nikkei (+239, 29455)
# Hang Seng (+287, 26074)
SGX Nifty too above the dotted lines but mostly wavers after the positive sentiments took a big hit in yesterday’s trading session.
Well, the possibility is bright for the return of tumultuous volatility in today’s session as well —— which could again be accentuated by a sudden, steep drop in most of the stock prices. That’s a no-brainer as the markets are at extremely overbought conditions.
*MARKET TRENDS:*
#  Global: Positive
#  FII: Negative (-506 Cr)
#  DII: Negative (-2578 Cr)
#  F&O: 18000 – 19000 zone
#  Market Breadth: Weak
#  Sentiment: Precarious
#  Technicals: Overbought
#  Outlook: Volatile.
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 18419):*
#  SUPPORT: 18307/18167
#  RESISTANCE: 18607/19001
#  RANGE: 18257-18587
#  BIAS: Negative.
*BANK NIFTY (CMP 39541):*
#  SUPPORT: 39011/38777
#  RESISTANCE: 40001/40571
#  RANGE: 38777-40001
#  BIAS: Negative.
*NEED TO KNOW:*
# Overnight at Wall Street, all three major indexes finished in the green, with the S&P 500 leading the charge for fifth up day in a row.
# *Earnings will take center-stage.* Well, it is a great sign that earnings season is exciting investors again.
*Q2 earnings to trickle in this week:*
*Q2 earnings to trickle in today:* JUBILANT FOODWORKS, HAVELLS, L&T FINANCE, JUST DIAL, SYNGENE, TATA COMMUNICATIONS.
*Thursday, Oct 21st:* ASIANPAINTS, TVSMOTORS, SOUTHBANK, MPHASIS, JSWSTEEL, LICHSGFIN, IDBIBANK, ICICILOMBARD, CONCOR, CANFINHOMES, BIOCON.
Friday, Oct 22nd: YESBANK, TATAELXSI, TATACONSUM, PVR, RELIANCE, HDFCLIFE, HINDZINC, FEDERALBANK.
*Saturday, Oct 23rd:* ICICI BANK.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.

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