GIFT Nifty down 25 points; here's what changed for market while you were sleeping
«We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a shift in trading range in between 19500 to 20200 zones while an immediate trading range in between 19600 to 20000 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 26 points, or 0.13 per cent, lower at 19,712, signaling that Dalal Street was headed for negative start on Tuesday.
Tech View: The short term trend of Nifty remains weak and the present weakness with volatility is expected towards the important support of 19500-19400 levels before showing an upside bounce from the lows. Immediate resistance is placed at 19780 levels. India VIX: India VIX, which is a measure of the fear in the markets, rose 1.46% to settle at 11.65 levels.US stocks up The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting.
Dow up 0.52%, S&P 500 rises 0.40%, Nasdaq gains 0.19%Asian shares mixedStocks in Asia traded cautiously as investors analyzed the possibility of more economic stimulus to come from Beijing, while Wall Street markets started the week with gains ahead of key central bank rate decisions.
S&P 500 futures were little changed as of 9:35 a.m. Tokyo time. The S&P 500 rose 0.4% on Monday Read more on economictimes.indiatimes.com
