By theindianinvestor 
Market Updates: November 21, 2024
Time : 8:30 am IST
S&P 500 closed flat, while European markets ended in the red.
Nvidia’s results were announced and came in line with expectations.
Asian markets are trading lower this morning.
The GIFT Nifty indicates a 130-point lower opening for Indian markets.
In political news, exit polls suggest the BJP-led Mahayuti is set to dominate Maharashtra. However, there is uncertainty surrounding the Jharkhand results, adding some political risk to the mix.
Gautam Adani has been charged with fraud and bribery in a U.S. court. This will be an interesting space to watch as investors gauge how Adani Group stocks react to this news.
Key economic data to watch out for today includes U.S. initial jobless claims, which could provide further insights into the state of the global economy.
Additionally, SEBI’s new F&O rules come into effect today, which could impact derivatives trading volumes.
According to the OI data ,Nifty is likely to face strong resistance at 23,800.
On the downside, support is expected at 23,300, which marks the recent low.