GIFT Nifty jumps over 150 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 positive start.
Nifty futures on the Gift Nifty traded 174 pts higher at 24,319.
Tech View
A decisive move below 23900 could trigger near term downward correction in the market. Immediate resistance is placed at 24250-24300 levels, said Nagaraj Shetti of HDFC Securities.
India VIX
India VIX, which is a measure of the fear in the markets, fell 4.53% to settle at 15.44 levels.
Global Markets
- S&P 500 futures were little changed as of 9:09 a.m. Tokyo time
- Hang Seng futures rose 1.1%
- Japan’s Topix rose 2.2%
- Australia’s S&P/ASX 200 rose 0.8%
- Euro Stoxx 50 futures rose 1.9%
Forex News
- The euro was little changed at $1.0974
- The Japanese yen was little changed at 149.16 per dollar
- The offshore yuan was little changed at 7.1812 per dollar
- The Australian dollar was little changed at $0.6613
Oil falls
Oil prices edged lower in early Asian trading on Friday, but the market's benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries about a potential recession in the top oil consuming nation.
Brent crude futures fell 16 cents, or 0.2%, to $80.88 per barrel by 0024 GMT. U.S. West Texas Intermediate crude futures fell 23 cents, or 0.3%, to $77.93 a barrel.
Stocks in F&O ban today
1) India Cements
2) AB Capital
3) Birla Soft
4) Indiamart
5) RBL Bank
6) Sun TV
7) Hindustan Copper
8) ABFRL
9) Manappuram
10) LIC Housing Finance
11) PNB
12) Granules
