Japan’s Nikkei share average saw a 1.7% rise, spurred by a surprising decrease in U.S. unemployment claims which alleviated recession fears. A softer yen also provided relief. This rally aligns with strong performances of U.S. stocks where Nasdaq and S&P 500 both saw over 2% gains. Market volatility earlier in the week was notable.
Tech View: Nifty weakness persists, bulls await 23,400 break. How to trade on Monday
Nifty’s short-term trend remains weak within a range. A breakout above 23,400 is crucial to trigger fresh buying interest, while immediate support stands at 23,100,
January 17, 2025