Ahead of Market: 10 things that will determine D-Street action on Tuesday

economictimes.indiatimes.com:

Tata Consultancy Services and Reliance Industries. However, continuous foreign fund outflows prevented markets from registering a sharp rally. Nifty inched higher to levels just below 19600, while Sensex added 232 points and closed at 65,953.

Sectorally, healthcare and IT indices led the gains. Here's how analysts read the market pulse: “The Indian market began the data-centric week with modest gains, primarily propelled by strong performances in the pharma and IT sectors. Global markets portrayed a mixed picture, with US futures exhibiting positivity in response to a moderation in bond yields, while European markets experienced declines due to weak economic data.

Caution prevailed in the market due to the anticipation of upcoming inflation data and the RBI's monetary policy,” said Vinod Nair, Head of Research at Geojit Financial services. “Nifty demonstrated resilience as it predominantly remained strong, reclaiming its position above the 21-day Exponential Moving Average (21EMA) after a brief dip below this critical average. Going forward, the level of 19500 is expected to serve as immediate crucial support.

The market's upward momentum is likely to persist as long as the Nifty maintains its position above this support level. On the upper end, potential resistance can be anticipated around the range of 19700 to 19750,” Rupak De, Senior Technical Analyst at LKP Securities, said. That said, here’s a look at what some key indicators are suggesting for Tuesday’s action:US marketWall Street stocks rose early Monday after a gloomy end to the week on a mixed employment report, as traders geared up for closely watched inflation data.The Dow Jones Industrial Average advanced 0.8 percent to 35,331.36, while the broad-based S&P