GIFT Nifty down 30 points; here's the trading setup for today's session
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 32 points, or 0.14 per cent, at 23,142, signaling that Dalal Street was headed for negative start on Thursday.
- Tech View: On the upside, immediate resistance is now seen at 23,300, with a breakout above this level likely paving the way for targets of 23,600 and 23,800 in the near term., said Mandar Bhojane, Research analyst at Choice Broking.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.66% to settle at 16.77 levels.
US stocks gain
Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.
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