- US Markets closed mixed yesterday
- Asian markets following mixed US market reactions
- SGX Nifty indicating negative opening with 60 points cut
- FIIs net bought shares worth Rs 207.31 crore while DIIs net purchased shares worth Rs 567.47 crore
- Low volumes making trade difficult as swings are huge and sudden
- Nifty yesterday tested 17,250 but got stiff resistance
- Nifty needs to breach 17,250 to make further up move towards 17,500
- Bank Nifty is weak and underperforming making it difficult for Nifty to move upward
- Covid cases surging globally and now India also showing sharp jump in cases
- Delhi has imposed restrictions and most states might follow the same
- If hospitalisations increase that could make markets worry
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