What changed for the market while you were sleeping?

15 things you should know:

A list of important headlines from across news agencies that could help in your trade today.

IDEAL STOCK

The Nifty which took support at its 5-DEMA for the second trade in a row recorded a breakout above its crucial resistance level of 10450. It made a bullish candle on the daily candlestick charts.

However, the market breadth favoured the bears as only 582 stocks advanced with 881 stocks declining on the NSE which triggers cautions even though the index closed above its crucial resistance level of 10450.

Investors are advised to stay long with a strict stop loss below 10395, and if Nifty closes above 10500 which is its key resistance level that the rally could extend towards 10630, suggest experts.

The index which opened at 10410 rose to an intraday high of 10469. It did slip marginally below 10400 to touch its intraday low of 10395 before closing the day at 10458, up 41 points.

“Albeit Nifty50 registered a breakout with a decent bullish candle with a close above its 50-Day SMA, which curtailed all the pullback attempts in the past, it appears that market participants lack conviction at higher levels as market breadth remained negative for the second day in a row with more scrips registering a close in negative terrain,” Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol

India VIX fell down by 1.09 percent at 14.56. VIX has to cool down to extend its positive momentum. On the options front, maximum Put OI is at 10300 followed by 10000 strikes while maximum Call OI is at 10500 followed by 10600 strikes.

Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.

Wall Street gains on earnings optimism, waning Syria jitters

US stocks climbed on Thursday as investors anticipated a strong earnings season and as US President Donald Trump’s suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries, Reuters reported.