Indian share, commodity and forex markets closed on account of Gurunanak Jayanti

The Indian inventory, commodity and cash markets will stay shut on Friday, November 19, 2021, on account of Gurunanak Jayanti. They will resume buying and selling on Monday, November 22, 2021.
On Thursday, the benchmark S&P BSE Sensex had ended 372.32 factors (0.62 per cent) decrease at 59,636.01, and the broader Nifty 50 on NSE had fallen 133.85 factors (0.75 per cent) to settle at 17,764.80.
The rupee erased most of its preliminary features to settle 4 paise greater at 74.24 in opposition to the US greenback on Thursday, as some pullback in crude oil costs and a weak dollar within the abroad market supported the native unit.
Commenting on the outlook for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities stated, “The short term trend of Nifty continues to be weak. The overall negative chart pattern as per daily and weekly chart signal that the present key support of 17,700 could be broken in the short term and that could open a larger downward correction down to 17,200-17,100 levels in the next few weeks. Any attempt of upside bounce from here could find resistance around 17,850-17,900 levels.”