GIFT Nifty down 15 points; here's what changed for market while you were sleeping
«With the start of earnings season, the market is likely to witness more stock specific action. In the near term, it may remain in consolidation mode though the undertone remains positive on the back of strong FII inflows, robust domestic macro-micro factors and expectation of normal monsoon,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19250 to 19550 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, lower at 19,543, signaling that Dalal Street was headed for negative start on Friday.
Tech View: Nifty is likely to consolidate in the range of 19300 – 19570 and until this range is decisively breached on either side we can expect the sideways price action to continue. Overall, the trend is positive, and Nifty is undergoing time-wise correction. The crucial support zone stands at 19360 – 19320 while the resistance zone is placed at 19550 – 19570. India VIX: India VIX, which is a measure of the fear in the markets, rose 0.023% to settle at 10.94 levels.US stocks upU.S. stocks extended recent gains to end higher on Thursday, with the Nasdaq rising more than 1% for a second straight day, as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years.
Dow ends up 0.1%, S&P 500 gains 0.9%, Nasdaq rises 1.6%Asian shares gain A gauge of Asian shares looked set to notch its biggest weekly advance since January amid a rebound in Chinese stocks and bets that the Federal Reserve is approaching an
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