

GIFT Nifty down 40 points; here's the trading setup for today's session
markets remained range-bound for the third day in a row and ended marginally lower on Thursday.
«Overall we expect the ongoing recovery to continue and any dips can be used as buying opportunity,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services
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 higher by 41.5 points, or 0.21 per cent, at 19,380.5, signaling that Dalal Street was headed for negative start on Friday.
- Tech View: The smaller degree of higher tops and bottoms is intact on the daily chart and the recent unfilled opening upside gap around 19250 levels could offer support for the market during present consolidation to form a higher bottom, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.5% to settle at 10.98 levels.
US stocks fall
US stocks closed lower on Thursday, snapping the longest winning streaks for the Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell.
- Dow down 0.68%,
- S&P 500 dips 0.81%,
- Nasdaq falls 0.94%
Asian shares slip
Shares in Asia fell after Jerome Powell warned interest rates may have to climb further, stunting a rally in stocks and bonds and sending investors back to the dollar.
- S&P 500 futures fell 0.1% as of 9:44 a.m. Tokyo time. The S&P 500 fell 0.8%
- Nasdaq 100 futures were down 0.2%. The Nasdaq 100 fell 0.8%
- Hang Seng futures fell 0.3%
- Japan’s Topix fell 0.8%
- Australia’s S&P/ASX 200 fell 0.6%
Stocks in F&O ban today
1) GNFC
2) Delta Corp
Securities in the ban
