Mumbai (Maharashtra) [India], Stock indices, Sensex and Nifty started the trading week with a rise, boosted by positive global cues. Sensex opened with a gain of 178.02 points at 74,064.96, while Nifty opened with a gain of 49.3 points at 22,523.30. But the day started. In the early session, 31 Nifty companies advanced, while 19 declined. Leading gainers were Britannia, Kotak Bank, JSW Steel, Maruti and TCS, while Titan, SBI, Shri Ram Finance Ltd, Adani Ports and Adani Enterprise suffered losses. Varun Agarwal, Founder and Managing Director, Profit Idea, said, "The positive momentum in Indian markets mirrors the trend in Asian equities, which were expected to open strong on Monday. The optimism was driven by China's return from holidays and higher-than-expected gains in the US. Born of softness."The jobs report, which revived hopes of a Federal Reserve rate cut, prompted a rally in global stocks as US Treasuries rose on Friday, with Australian and Hong Kong contracts rising. Australian and New Zealand bonds also rose, tracking estimates. Due to weak data points from , which pushed the US Economic Surprise index to its lowest level since February 2023, however, technical indicators for the Nifty 50 indicated caution, forming a bearish pattern on the daily chart. Indications of possible weaknesses ahead. The weekly chart indicates a gravestone doji pattern, indicating a possible reversal to the downside, with immediate resistance at 22,600 and the next downside level at 22,120. Is.Traders will keep a close eye on central bank meetings scheduled for this week, with the Reserve Bank of Australia expected to take a dovish stance. Additionally, Chinese activity data and inflation readings in key emerging markets will be closely monitored. Oil prices saw a rise after Israel closed the Kerem Shalom Humanitarian crossing in Gaza and Saudi Arabia lifted crude oil prices. The positive start of Sensex and Nifty on strengthening oil market in Asia reflects widespread optimism in global markets, driven by favorable economic indicators and central bank policies. However, technical patterns indicate potential challenges ahead, urging investors to remain cautious amid the uncertainties.